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Senior Advisor

When Egypt makes a US purchase ......

..... you'll know that the world has turned to the US pantry to maintain wheat supplies.
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Veteran Contributor

Re: When Egypt makes a US purchase ......

The next time GASC tenders for wheat it will include some white wheat from PNW and a cargo of SRW center gulf.

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Honored Advisor

Re: When Egypt makes a US purchase ......

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Contributor

Re: When Egypt makes a US purchase ......

 I am starting to wonder if the window is closing, looks like nothing will get this market to move higher. I still have over half of this years hrs in the bin, I am about ready to throw the towel in. What do you think?  Thank you for your posts on wheat. You give a lot of useful reading.

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Senior Contributor

Re: When Egypt makes a US purchase ......


@modal wrote:

 I am starting to wonder if the window is closing, looks like nothing will get this market to move higher. I still have over half of this years hrs in the bin, I am about ready to throw the towel in. What do you think?  Thank you for your posts on wheat. You give a lot of useful reading.


Have been getting that bad feeling too and thinking of 'giving up'.

Seeing your post makes me think maybe lots of people have that 'feeling'.

If lots do then we had best be a contrarian and hang on for a little longer, it always looks worst at the bottom and best at the top and that leads to bad decisions.

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Veteran Contributor

Re: When Egypt makes a US purchase ......

i'm with you guys been holding this wheat too long, bout to give in. I cant understand why this unbelievably dry weather hasnt at least drove up the wheat market. still holding way too many beans also, kinda like a deer in the headlights i guess.

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Senior Contributor

Re: When Egypt makes a US purchase ......

Just follow the money.  Egypt has destroyed the income from tourists.  The US  has always given  food aid to Egypt , to help keep peace. Now a new non-peace government is in place in Egypt.  It would not have been given food aid under Rommey, but with Obama back in money will flow in food aid.

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Senior Advisor

Re: When Egypt makes a US purchase ......

I understand yours and other's frustrations. I'm as confident as I've ever been for future good prices. All the pieces of the puzzle continue to clunk into place in a predictable fashion. Remember, I see the market as a lagging indicator of the future. I go by evidence and experience in judging developments to the overall physical pattern. Not by feel and not using 'technicals' other than the obvious.
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