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Wheat market doesn't seem to be concerned about Temperatures.
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ks_condor
Posted 4/2/2020 11:24 (#8158341 - in reply to #8158065)
Subject: RE: Wheat market doesn't seem to be concerned about Temperatures.


SC KS
- plenty of wheat in stores with another large world harvest coming
- Egypt cancelled tender (thinking lower prices possible)
- US still disadvantaged to Russia/EU (combined represent 40% world exports)
- I see it going back to $4/$4.20/bu
- $5.00 for July KCW seems to be firm resistance - only upside to me is if corn catches fire like last spring

Edited by ks_condor 4/2/2020 13:15




(wheat export values Feb 20 (full).jpg)



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Attachments wheat export values Feb 20 (full).jpg (37KB - 21 downloads)
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