The Times - Serving Waitsburg, Dayton and the Touchet Valley

When I have a wheat position on, that is when I am either long (bought) or short (sold). Even after 30 years of analysis and trading of the wheat market, I still have a tendency to notice anything that affirms my position first. It just happens.

I know that this is not an objective way to evaluate a market, and does not lead to the best decision-making. I also know that the awareness of this bias is the best and probably only antidote to its effects. So the fact that I own wheat fu- tures, say around $7.50, may lead me to seek reasons to own wheat and to de-emphasize reasons to sell wheat.

Thi...