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big jump in price

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  • hedgehog
    Senior Member
    • Oct 2009
    • 619

    big jump in price

    why the big jump today? wheat up 50c
  • Hopperbin
    Senior Member
    • Dec 2007
    • 6562

    #2
    Could be Canada's CWB short grain as farmers withholding grain from CWB hands demanding world prices.

    Comment

    • furrowtickler
      Senior Member
      • Dec 2004
      • 21976

      #3
      Leaked info on a Report? Export ban from Russia again? Something is up...

      Comment

      • charliep
        Senior Member
        • Oct 2000
        • 9002

        #4
        Will note MGEX wheat was not the participant in the overall rally that other beans, corn or other wheats were. December MGEX in particular lost some of its inverse today. Will need to look at the FPC basis.

        Comment

        • cottonpicken
          Senior Member
          • Apr 2006
          • 6993

          #5
          Big Specs jumping in,spring wheat isn't as liquid-
          meaning they can get in and out more easily.,few more
          solid days would signal a bottom.

          Comment

          • furrowtickler
            Senior Member
            • Dec 2004
            • 21976

            #6
            Hope you are right cotton.

            Comment

            • fjlip
              Senior Member
              • Oct 2002
              • 9865

              #7
              Shorts taking profits ahead of tomorrow's USDA report.
              Any thing can happen after that.
              Good luck!

              Comment

              • Hopperbin
                Senior Member
                • Dec 2007
                • 6562

                #8
                sold some soft wheat for 5.60 cash today to a feedmill making pig feed. Oh well didn't sell too much.

                Comment

                • hedgehog
                  Senior Member
                  • Oct 2009
                  • 619

                  #9
                  funny how you cant get on the market sites when there is a price move going on?

                  Comment

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