|
Middle Tennessee | A couple weeks ago mtbrights was looking for $4.50 in KC contracts, I scoffed, but we made it, attached is a chart below. Notice how this week the decline reached a gap from 1/29.
Cash market strength (which has eroded some this week) is finally leaking into the board with the Chicago July contract trading the July-Sept. carry down to 7 cents. It's hard for me to tell where the funds are tonight, I honestly think if they are going to buy something this week it will be wheat. If corn and beans can hold their own, then I think there is a good chance wheat has bottomed.
Edited by LongKC 6/28/2018 15:08
 (Screen Shot 2018-06-28 at 12.59.32 PM (full).png)
Attachments
----------------
 Screen Shot 2018-06-28 at 12.59.32 PM (full).png (132KB - 19 downloads)
| |
|
Sell cash wheat or hold until report?
