Commodity market reacted bullish today raising wheat prices 
42cents/bushel. The market reacted on news from Argentina of a killing 
frost crossing the country severly damaging the growing crops. 
The estimate of the damaged wheat crop was so bad, that the government 
stopped all export business of wheat until an assesment is done to 
determine wheather or not there is going to be enough wheat to satisfy 
thier domestic consumtions.
I havent heard of the assessed damages on the soybean crop, but assuming 
there are crop damages. 
If the damages on the soybeans are as bad as the wheat, then we might be 
looking at potential short honey crop. Not to mention the clovers and 
canolas.


Argentina is comming off a extreemly poor production season, the carry 
over is small. 
Might be a time to hang onto that honey and wait to see how they assess 
the rest of the growing crops

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