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NCND | Been trying to pick a spot to see where somewhere to get long could be and as nodal said it doesn't have one for a long time given the vertical move. 640 was the last area I thought could hold it up but so far that has failed. Volume has really went away here so these moves get magnified even more.
At some point I think a little risk premium will get talked about here given fact these prices won't buy acres and the entire spring wheat area is locked in a very dry pattern. If we have a repeat of this past year harvest will be over by July 1. | |
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Spring wheat-days to zero?
