Wheat Opportunity

crusher

Senior Member

Join Date: Jun 2001

Posts: 1152
#1

Wheat Opportunity

Jan 6, 2015, 09:22

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.
Tags: None
furrowtickler

Senior Member

Join Date: Dec 2004

Posts: 18900
#2

Jan 6, 2015, 09:49

Thanks for the heads up
Comment
boarderbloke

Senior Member

Join Date: Sep 2007

Posts: 1991
#3

Jan 6, 2015, 10:09

crush, thanks for sharing, hope there some truth to the rumor. Wheat Basis needs to narrow.
Comment
agstar77

Senior Member

Join Date: Jul 2001

Posts: 5036
#4

Jan 6, 2015, 10:14

China short of high protein wheat.
Comment
wmoebis

Senior Member

Join Date: Aug 1999

Posts: 2585
#5

Jan 6, 2015, 11:06

Think they bought US and AUS. wheat didn't hear about CDN.
Comment
wmoebis

Senior Member

Join Date: Aug 1999

Posts: 2585
#6

Jan 6, 2015, 11:08

Of course that could be CDN wheat that was sold through the US.
Comment
crusher

Senior Member

Join Date: Jun 2001

Posts: 1152
#7

Jan 6, 2015, 14:01

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
Tandem007

Member

Join Date: Jul 2011

Posts: 73
#8

Jan 7, 2015, 04:04

More supply than demand fellas...that's why we aren't seeing it here.
Comment

Announcement