One thing you need to be aware of is that the funds usually spread off something.. right now.. Sat or someone check the CoT's.. but the Funds are using Wheat as their short..
So.. it may find some bouancy as they liquidate their longs..
Or rally as it joins the party.. ???
so even though merchandisers want to beat the heck out of the basis.. we could...??? (as within the realm of possibilities..) see some (??) support to wheat at these price levels...
...
..
.
or not. idk???
but possible.
at some point markets do have to show SOME rationality.. don't they...??? |