someone care to enlighten me what is wrong in the wheat market. I have been busy and had not have had time
to look into things.
All i iknow is that the wheat in these parts was not what everyone hoped.....including the elevators.
not so long ago, there was a bull in the wheat market, things were only going to get better.
I noticed one of our elevators is -45 basis, the others are -30 not so long ago it was -.05
also sounds like corn is not so whippy, so why is wheat dead ?
things are starting to stink........maybe something underhanded going on ?
Something in my memory says that plains elevators often offer "30 days to price" options and those 30 days can be pretty ugly as the market knows there are some fish in the barrel.
Re: wheat. No Worries
Same thing you said last year Wright about all the commodities. Can I get another piece of pie or do you just want me to grab one out of the sky?
Don't forget that a broken clock is even accurate twice a day.