cancel
Showing results for 
Search instead for 
Did you mean: 
ihtractortherap
Senior Contributor

Lets try this . Time: wheat??

Im long wheat ,what is upside potential Time and others??
0 Kudos
9 Replies
sw363535
Honored Advisor

Re: Lets try this . Time: wheat??

I am long some wheat, and I haven't got a clue what the upside is... 

But I think the down side small for now.....

All the grains are getting into this position.... But wheat  has been laying on the bottom longer ,,,,,where even a dead fish will rise eventually..

 

🙂

0 Kudos
elcheapo
Veteran Advisor

Re: Lets try this . Time: wheat??

In theory we should have had a planting rally.
Last couple years hrw has not been good
From tx to ks
Lastly....at least where we are...we have a drought
Wells going dry, cattle taken out of pastures....
Wheat in the ground, nothing commimg up....6 to 8 inches untill limited moisture.


Should hrw go up ? Yes
Will it...unsure
0 Kudos
timetippingpt
Honored Advisor

Re: Lets try this . Time: wheat??

Just the math of it would suggest 5.75 early next year. Much like last year, it seems we rally tight through a c & s huge harvest. Only makes sense when you remember that the specs buy and sell multiples of the real bushels most every day, thus money flow determines price, nothing new there, Palouse has talked about it for years.

 

This thing is setting up to be real tough for a farmer to manage, his price protection is going away in 23 days, AND, price might be far enough off the lows, to set-up some real gut checking moments after November 1st. Unintended consequence of government subsidies I suppose.

0 Kudos
timetippingpt
Honored Advisor

Re: Lets try this . Time: wheat??

The stupid Syngenta ad takes OFFENSIVE to a new level. One more product I will never think positively about. You would think the companies would care a little more about their image and actions.

0 Kudos
sw363535
Honored Advisor

Re: Lets try this . Time: wheat??

There is a merger going on here that might explain much of this......advertising run amuk......   

0 Kudos
timetippingpt
Honored Advisor

Re: Lets try this . Time: wheat??

IH...remember I am a time guy, not a price guy. Time wise, wheat should have at least an 12 week rally. The low being on 9/4 (which we noted was critical in the corn back in Sept) means a normal seasonal high around 12/1. Pretty easy to see it extending into an 18 week rally getting into early January.

0 Kudos
sw363535
Honored Advisor

Re: Lets try this . Time: wheat??

Thanks Time,   I am paying more attention than it appea                                                     

 

                                                                                                  rs.

 

 

 

 

0 Kudos
elcheapo
Veteran Advisor

Re: Lets try this . Time: wheat??

Pickup got stuck in the wheat field....nothing but
Dust.....seeing dust devils all the time.

With this wheat ground worked, no rain.... We
Are setting our selves up for. For one hum
Finger of a dust storm. Over 5 years over half
The wind breaks/shelter belts been taken
Out....I guess the young people have a declining learning curve
0 Kudos
Silverwheaton
Senior Contributor

Re: Lets try this . Time: wheat??

My son installed an ad blocker on my browser and wow. No more ads here!!! And most ads on video clips are gone too! Including youtube and espn videos. Its great!

0 Kudos