One of my sources believes China purchased a couple of cargoes of Canadian wheat. Maybe we will see a short term improvement in mid quality wheat basis. DYODD.
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Thanks for the heads up -
crush, thanks for sharing, hope there some truth to the rumor. Wheat Basis needs to narrow.Comment
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China short of high protein wheat.Comment
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Think they bought US and AUS. wheat didn't hear about CDN.Comment
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Of course that could be CDN wheat that was sold through the US.Comment
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I see a possible right shoulder forming on wheat charts. I think I'll sell a little more if it materializes. Futures only if basis doesn't improve. Our crappy dollar should be helping but I haven't noticed.
Gotta have a plan.Comment
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More supply than demand fellas...that's why we aren't seeing it here.Comment
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