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Hard Red Spring Wheat - MGEX March Futures

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  • wheatking16
    Senior Member
    • Apr 2010
    • 581

    Hard Red Spring Wheat - MGEX March Futures

    Sell Signal Triggered

    https://klarenbachgrainreport.substack.com/p/hard-red-spring-wheat-march-futures

    Click image for larger version

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  • SASKFARMER
    Senior Member
    • Dec 2005
    • 7060

    #2
    The world has lots of shitty wheat and they will use it up so good will be sacrificed in the sell off.

    Comment

    • beaverdam
      Senior Member
      • Mar 2018
      • 1451

      #3
      WTH,,, Chicago, Kansas and Minneapolis markets are open today,,, and Canadian Canola closed !

      Damn, Canadians are getting used to not working.

      Comment

      • FarmJunkie
        Senior Member
        • Feb 2018
        • 928

        #4
        So the legs in the wheat market are broken?

        Comment

        • shtferbrains
          Senior Member
          • Jun 2017
          • 5285

          #5
          Grains up this am.
          Canola futures + $11 gain.

          Comment

          • AlbertaFarmer5
            Senior Member
            • Oct 2010
            • 12576

            #6
            From Arlan Suderman yesterday:
            State reports indicate a collapse of winter #wheat condition ratings in KS, OK & NE, as well as a significant decline in CO over the past four weeks.
            Andthis:
            StoneX Brazil slashes its #soybean production estimate by 11 mmt to 134 mmt, while cutting #corn production by 2.5 mmt to 117.5 mmt due to recent crop stress.

            No progress & no escalation (so far) after yesterday's Biden-Putin call. Still think that any open conflict could be a limit-up event for the #wheat market.
            Last edited by AlbertaFarmer5; Jan 4, 2022, 11:22.

            Comment

            • Partners
              Senior Member
              • May 2010
              • 3105

              #7
              Wht under 12 now..
              What a P.O.S..

              Comment

              • AlbertaFarmer5
                Senior Member
                • Oct 2010
                • 12576

                #8
                And c-xr-1 on Newagtalk had this to say, and he seems to have a decent track record:

                My projection on weekly corn chart is over 11 bucks..this should stir up the bears..a reminder - charts don't say why, only where with lines.

                what do your lines say Spike?

                Comment

                • BTO780
                  Senior Member
                  • Nov 2021
                  • 545

                  #9
                  Wheat market going to sheet to start the yr!!!

                  Wow, what a disgusting market!!!

                  Will soon be hearing the “shoulda, coulda, wouldas” pretty soon if this continues.

                  Just shows how little say Canada has in the world wheat market even with a drought.

                  Comment

                  • wheatking16
                    Senior Member
                    • Apr 2010
                    • 581

                    #10
                    Originally posted by BTO780 View Post
                    Wheat market going to sheet to start the yr!!!

                    Wow, what a disgusting market!!!

                    Will soon be hearing the “shoulda, coulda, wouldas” pretty soon if this continues.

                    Just shows how little say Canada has in the world wheat market even with a drought.
                    This is the mission of my newsletters.

                    Follow the price, ignore the news and forget what we think should happen.

                    Only price pays.

                    Comment

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