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Senior Contributor
farmerguy89
Posts: 1,020
Registered: ‎06-30-2012
0

Wheat rally

Where do you guys think this rally has come from? It's been so long since wheat has been up double digits.

Maybe we are just seeing a correction from a sharply oversold positin?

Advisor
c-x-1
Posts: 3,137
Registered: ‎06-26-2012
0

Re: Wheat rally

[ Edited ]

hate to say i told you so last week....and Cat, as well.

 

http://community.agriculture.com/t5/Marketing/Wheat-at-new-lows/td-p/448389

Senior Contributor
farmerguy89
Posts: 1,020
Registered: ‎06-30-2012
0

Re: Wheat rally

Haha I know. At least I don't have to risk the financial success of my crop to claw back a buck or two, if it ever goes that far up again ever
Esteemed Advisor
sw363535
Posts: 4,454
Registered: ‎07-18-2011
0

Re: Wheat rally

noted on a FC Stone report.

 

  • Kansas winter wheat conditions dropped significantly in the monthly state NASS report yesterday, coming in at 35% good/excellent, down from 65% g/ ex in November—the state accounts for 21% of U.S. winter wheat plantings for 2014. Oklahoma came in at 36% g/ex, down from 73% in Nov, with Ne- braska at 46%% compared to 72% previously, and Texas at 19% compared to 37% in Nov. 

     

     

    Reaction to the cold temps.

sw
Veteran Contributor
nitefarm
Posts: 116
Registered: ‎05-09-2010
0

Re: Wheat rally

Reaction to DRY WEATHER also.

Veteran Advisor
Shaggy98
Posts: 3,896
Registered: ‎06-19-2011
0

Re: Wheat rally

I agree Nitefarm.  I'm sure that's why we saw the reduced condition reports.  It will be interesting to see if this snow will ward another life to the Central Plains wheat crop and move the price lower after a little price rally.  Seems everyone treats wheat like a crop with 9 lives.