The latest weirdness on the wheat market | Bleader

Friday, February 29, 2008

The latest weirdness on the wheat market

Posted By on 02.29.08 at 01:11 PM

The Trib has a story about Evan B. Dooley, a trader at MF Global who cost them $141.5 million by making bad bets on the chaotic wheat market, something that's fascinated me recently. The New York Times has a bit more on Dooley himself. MF Global's stock took an immediate hit. It's a lot of money, but it's not on the level of other rogue traders.

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