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wheat
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 ?
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Re: wheat
I'm right there in the same boat with you cheapo. Locally we've lost $0.30 in 3 or 4 days. Thinking I should've sold every bushel right off the combine.
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Re: wheat. No Worries
store it.
there's another 2 to $5 Up in cash wheat, Globally. MO
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Re: wheat
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Re: wheat
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.
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Re: wheat
Basis here before harvest started was -30 (not positive but within a few cents) now it is -$1.00. Big change in a short amount of time. Patrick
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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.