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Wheat info
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Mr.Grain
Posted 12/12/2023 12:03 (#10521304 - in reply to #10521201)
Subject: RE: Odds of a $2 rally in wheat are decent.. as funds short 500 myn bu.


zenfarm - 12/12/2023 10:38




Do you honestly believe that hard red wheat will rally $2 a bushel?, when stocks to use is at about 48%, and exports sales of hrww is in the crapper?. And moreover we are substantially above world values on hrw compared to other exporting countries ?.



Depends on the time period that you are asking if it will rally 2 a bushel

If it is within the next year yes….

But I think it would be with CBOT leading on fund buying and China demand
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