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| Everyone on this site and elsewhere has said for the last 3 years the market doesn't care about the Ukraine war anymore. In fact for a while some said it was bearish since they had to "sell wheat to pay for bullets and tanks". Since the wheat market has been absolute dog doo doo for some time I figured maybe a ceasefire would be good for prices. Heck because the war sure hasn't been.
I get the feeling that the only thing that is going to bring wheat higher is if it can stay in the toilet for a little longer where enough people throw in the towel and quit growing it. If that happens and we have a little bit of a production scare, maybe just maybe we can get a rally. | |
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