wheat

[farmaholic]

Intraday prices in MWN above 5.43-5.47 should indicate a good chance of seeing
another 40 cents by mid June. I'm looking for some give and take with a general
rise over the next three weeks. But it has to break away from 5.43-5.47
to validate.

This is only a guess and could be completely wrong. DYODD

101, but MWN settled yesterday at 5.57-4. Will the volatility come from fund profit taking?

Will one good rain in the SW Canadian Prairies stall this? Although I have a hard time believing Canadian weather is driving this thing.

Another 40 cents would take us to about $7 for high quality high protein wheat.

It will be interesting to see how the basis reacts to a higher wheat price, will it claim(some of) the rise in prices or will they have to give even more up to pry it out of the cold dead hands of those who still have some?

We are in a new marketing era, not everyone has sales to fill so some companies may have better offers than others. They aren't all just "toll handlers" for generically priced CWB grain anymore.

[wmoebis]

It would be nice to know who has those sales and who has sales coming.

[farmaholic]

Wmoebis, that would be giving the serfs/peasants too much information and information is power. And I can't see them forfeiting any.....

[farming101]

Was meaning intraday needs to move away from that range.
Ships in Vancouver have dropped right off. Just a lull or ??.

[wmoebis]

Did they load or just pull out to find loads else where. Some thought they were just sitting waiting to scoop a load.

[farming101]

Loaded and off to their destination
about 12 ships have departed since April 19