Posted 5/16/2019 17:55 (#7500337 - in reply to #7500320) Subject: RE: So When Are We Gonna Get A Little Short Covering in KC Wheat?
Middle Tennessee
yeah Zen, that's ugly...but MGEX is strong too?, I haven't checked that. We're definitely eating into the discount to European wheat. Too many shorts though, I like it!
So your 170 mil bushels of feed wheat maximum, from 50, would be marginal relative to the carryout.
But I still like it! Ruble is appreciating, between Europe coming out of drought, and Australia's continuing, global exportables might be smaller than what people are working with.
So When Are We Gonna Get A Little Short Covering in KC Wheat?
