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NCND | Did you get rain yesterday Maydel?
Seems the driest areas of ND got 2" or so over last 2 days and we got around .8-1.5" which was perfect after topdressing. Its wet here.
We couldn't take out the highs of previous rally here then we turned around sharply. Soooo did we blow our load again???
To add since I am a wheat spread fool I got long zwz/ short MGEZ at -61. I think we will see the spread narrow some here. -80 is historically about as high as it gets but she was all but flat in december. My way of being bullish in a bearish market.
Sold some march minny today just under the highs. I hope they get blown out but we shall see.
FYI High in Dec wheat on last crazy rally 5/18 or so was 607. Todays high 606. I have a stupid order working 6096 that will probably miss since we have yet to take out a previous high on any of these rallies.
High on March mgex was 6196 5/18 today 618 stopped it cold so far. FWIW
High zw1! was 530 5/18 529 5/22 526 today. fwiw
Edited by vailcat 6/3/2015 11:44
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So whats the deal with Canadian Wheat?
