|
Theodore, Saskatchewan | Thanks blu for the charts again, thanks as well frytown, wheat does seem bearish that it does not respond to bullish news, leaves a lot of questions....... people question if all the bullish news is already factored in..... but in my mind the winter wheat ratings are certainly not factored in, the only thing the market factored in was the drought and the rise in corn and beans which helped wheat demand this summer, followed by problems in Russia and Ukraine. There has been no response to problems in UK, Australia and Argentina...... I know that world wheat stocks are still considered bearish with 174 mt but 50% of that is in china and India... so places are short..... are we headed lower ??? Next week I am taking off to clear my head for a week and maybe come back with a new idea | |
|
charts posted
