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elcheapo
Veteran Advisor

Where do we go from here ?

well what a day. 

my head is still spinning

where do we go from here.  The "wheat market".....is just plain crazy....good exports, okla  says 30% down, lowest seeding in recent

memory....then damage in western ks. people are still saying huge crop.....I can't agree

corn........cold soil temps, people having to replant, many can't even plant due to the water, and the planting date keeps

getting later.

 

yet market goes down,

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7 Replies
hwr247
Senior Contributor

Re: Where do we go from here ?

It's technicals that are moving the market. By that I mean it's May and the charts say go down because that's what it historically does now. Doesn't make sense but then.....

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JimMeade
Veteran Advisor

Re: Where do we go from here ?

Buy low, sell high.

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nutlug
Veteran Contributor

Re: Where do we go from here ?

The market can stay irrational longer than I can stay liquid!
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elcheapo
Veteran Advisor

Re: Where do we go from here ?

Amen nutlug, amen
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JimMeade
Veteran Advisor

Re: Where do we go from here ?

Hey, nutlug,I represent that remark.  Smiley Happy

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ECIN
Senior Advisor

Re: Where do we go from here ?

No idea where we go but I have a good idea where these 2 birds went - happen this week : )

 

https://www.youtube.com/watch?v=20YtreTpYRo

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sw363535
Honored Advisor

Re: Where do we go from here ?

Could be we still have supply.
2017 needs are what is at risk.
See if the market works up through harvest.
Local rail terminal was cleaning ground piles into rail cars this week.
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