(Sigh)....
Again....for the past several years HARD RED WINTER wheat production in the u.s. has
Been low. This year in TX, Okla, ks (the main hard red winter wheat production area)
The yeild averages were in the teens....the
Year before, similar story. There are places
That have had a respectable crop.
I now understand that you do not realize
There are several kinds of wheat, that have
Different milling and baking properties.
Unlike corn is corn (ex Flint, white, pop, sweet
All of which are different than field corn)
Soybeans are soybeans( other than high olic,
Edam, etc)
wheat is usually a human consumed grain
In the forms of bread, pastry, cakes, cookies and pasta.
Hard red winter is used mainly for bread
White wheat usually used for caked, cookies, and flour tortilla.
Last, the high protein northern Wheatstone used for pasta.
It is difficult to substitute one kind for another.
This has not been a great year for wheat.
Our white wheat overall was "average" some
Good, some not too good.
France, a large percentage is now feed grade
Black sea, down approximately 10% plus
There are "issues" there.
Our friends down under also having challenge s.
As for the comment that charts do not
Move markets.,.
Have you ready many posts?
There is something called technical anyls
Which is basicly a study of the charts...
Have you been listening to many on
here talk, levels of supports, resistance retraced and on and on ad nausea.
I'm happy you have done well in the market,
In the past, so have I, but in my opinion
I did not believe the crop sizes, and I wasn't
Alone.
So go ahead, call names, point fingers, laugh
There are things I see in "electronic exchange platform ", that I don't agree with.
