Sep 18th 2018, 19:01:49
No it is not. Previous set had relatively high bushel prices and some outages, but not this kind of sustained high prices.
It would be difficult to manipulate things this way for so long unless farmers are on strike or maybe there just aren't any biggish farmers this set.
As it is, i am holding larger bushels than normal and snapping at anything under $70 - and i reckon others are doing the same, which makes the situation worse.
But yes, the tourney market is always thin because there are so few players. So manipulation is not only possible, market manipulation is part of the tactics and central to some strats on tourney.