|
| winter wheat crop like corn crop was essentially planted in low soil moisture profiles...
71% of winter wheat fields are in drought areas...wheat needs rain NOW or poor yields.
world ending stocks are already tipped to be lower by 10%...
real concern...Ukraine gov't say not enough wheat to export, Russia may do same, Australia report 25% drop in WA production due to dry soil and present US crop is at worst since 1985.
Market sideways watching stock to use ratio...if no or inadequate rains...wheat moves higher...market concern is supply and demand.
technically "sideway markets" signal large upward price movements...
patience, ja. this could be catalyst for corn... gottlieb.
http://www.fnarena.com/index2.cfm?type=dsp_newsitem&n=DCE18427-CC2B...
Edited by Gottlieb 11/14/2012 09:50
| |
|
wheat watchers
