It seems impossible, but June 17th 2010 marked 28 years since the day we not-so-fondly refer to as the “Blowout”.
To begin the story, my wife came from a little farming town in Northwest Iowa.
Everyone in her little town followed the grain markets.
Many traded corn and soybeans futures and a few were big traders by any standard.
Several people in her home town became and remain my best friends.
My best friends there traded grain spreads during the same time I began to do well trading wheat on the trading floor.
As I had a relationship with E.F. Hutton, my friends and I did our trading through EF Hutton, one of the largest brokers at the time.
My friends were trading seasonal grain spreads and had made money in their trades time after time.
They started with small trades, but