Tuesday, 20 July 2010

Weather & market update

Another hot and sunny day ahead. Forecast is for continued settled weather. Combining cracking on at a fair lick.

Most markets closed slightly lower last night. Does that mean the fun is over?

My mate Fat Yuri reckons that “we are seeing short specs just holding back the market as seen with last nights close in what will continue to be an increasingly desperate rally as the full extent of the Russian, Kazakhstan drought is felt and significantly lower than expected harvest results start filtering in from western Europe.”