Formerly NE North Dakota, now NW MN | If we go through the 2009 number doesn't the 1970's low become the next long term objective? And, knowing how wheat fundamentals function, that would probably be a long slow grind down..........
Edit to add: My point of view is quite a bit less sophisticated, I still know very little about long term market structure, I mostly follow shorter technicals. So I'm curious to hear your and other responses related to the long term structure of wheat. To me, it just seems that the wheat market is looking for an opportunity to punish over-production.
Edited by khall_12_34 8/31/2015 08:35
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KC Wheat: This time is different?
