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NCND | Was it 2006 things were dry and then we had a nice .3-.7" rain across large part of state was about this time. Wheat tanked 20+ the next day because the crop got a much needed rain. We are down today on first precip in few weeks for most but not bad. Tells me they know the crop is big and not getting smaller so far.
With the temp change again it looks like 70-75 in wheat with 12 pro. Things just look good everywhere and I can't get bullish. Sideways maybe bullish no. What will price be this time next year? Will we be 5-6.5 MWU? That makes for ugly ugly ugly corn like numbers.
Wheat your starts when??? This week? I think they may find a record or close to it? Has trade factored that in? | |
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Wheat thoughts
