From the Wall Street Journal:
The little-known Minneapolis Grain Exchange is suddenly one of the hottest spots in the global financial markets as the price of its flagship commodity -- the wheat used to make bread and pizza crust -- shatters records, enriching farmers and fueling fears about shortages.
What a photograph. Kudos, Associated Press. What range! What expression, played out across the faces of these honest Minnesotan folk. Monumental triumph, anticipation, earth-shattering restraint! All come crashing out of the great solution of human emotion, drawn down by the prospect of wheat futures.
However! While Bald, Portly Gentleman in Blue brings us a certain joy with his irrespressible personal optimism, Purple Shirt, Yellow Jacket (aka the guy from Ferris Bueller?) does well to exercise caution. Fear runs in rivulets, out there in the trading pits. Unprecedented volatility draws disbelief and worries of market collapse.
Keep an eye on this one.
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