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Wheat Opportunity

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    Wheat Opportunity

    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.

    #2
    Thanks for the heads up

    Comment


      #3
      crush, thanks for sharing, hope there some truth to the rumor. Wheat Basis needs to narrow.

      Comment


        #4
        China short of high protein wheat.

        Comment


          #5
          Think they bought US and AUS. wheat didn't hear about CDN.

          Comment


            #6
            Of course that could be CDN wheat that was sold through the US.

            Comment


              #7
              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


                #8
                More supply than demand fellas...that's why we aren't seeing it here.

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