Why Wheat is the World's Most Exciting Market Right Now
Odd Lots
Bloomberg
4.5 • 2K Ratings
🗓️ 17 July 2017
⏱️ 34 minutes
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Summary
Financial markets around the world are stuck in a long period of low volatility and boredom. But one pocket is seeing some wild action -- grains. Spring wheat (a form of high-protein wheat grown in the northern Midwest) has been on a tear, alongside action in soy and corn. What explains the whipsaw? Joe and Tracy speak with Tommy Grisafi, a longtime trader who works as a risk manager at Advance Trading, a firm that helps farmers take advantage of financial markets. Grisafi walks us through the history of the market, how technology is dramatically changing things and why things have suddenly gotten so darn volatile.
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| 1:13.5 | I'm Joe Wiesenthal. |
| 1:15.1 | And I'm Tracy Allaway. |
| 1:16.5 | You know, Tracy, I think we talked a few weeks ago on, |
| 1:20.1 | maybe a month ago, I lose track of the time, |
| 1:22.4 | about how there wasn't very much |
| 1:24.0 | volatility in markets these days and it was kind of a source of frustration for you know |
| 1:29.0 | markets journalists. Yeah we talk about that a lot, I feel. |
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