Water begets water....

[farmaholic]

If there is nothing to "prime the pump" with here, or west of here, we are going to have to rely on moisture laden lows to reach us for growing season precip.....yikes.

Cancel all GPOs and TPAs....

WTF happened to Minni wheat today?

[farming101]

Long term downtrend ain't dead yet.....

[farmaholic]

f101...define "long term"

[farming101]

Since last July

[furrowtickler]

I would not sign a god darn thing right now

[farming101]

Yesterday's wheat action had a lot to do with musical chairs going on in the currencies.

Wheat basis has decayed. Maybe the standoff for remaining stocks has begun.

However, MW futures have not triggered a sell yet, at least the way I look at it.
A close above 5.43-4N today or tomorrow could even get bought fairly aggressively.
Looking for a close above 5.40N to keep the short term uptrend going