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A good day for wheat market

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  • farming101
    Senior Member
    • Mar 2011
    • 3956
    #1

    A good day for wheat market

    Chicago leading the way. A close tomorrow above 4.97 Dec or so would indicate some stability. Maybe the low is in.
    I'd give Kansas and Minneapolis one more day of strength.
    Tags: None
    • Braveheart
      Senior Member
      • Feb 2001
      • 3257
      #2
      I've said earlier I wouldn't want to be shorting the market at the levels it was at.

      I think when the corn combines roll a lower than expected yield could pull wheat further. Below 165/bus/acre should float prices higher across the board.

        Comment

        • farming101
          Senior Member
          • Mar 2011
          • 3956
          #3
          Price action not terrific today but not too bad either. Wait and see what the rest of the week brings.
          Basis deteriorated today for some types of wheat.

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