Wheat is on fire!

[TOM4CWB]

Wheat markets have sure turned south for now.
Really no surprise!! There is no fundamentals to this market, big crash could happen at any time.
Need another rally before I sell more.

The Russians banned wheat exports till Dec 31, which caused the record movement .

Moved $1.99 yesterday... more than 5 years price fluctuation in mid 201_'s 12-18.

Dropped $1/bu in 4 min.

Nickel won't be trading till Friday... the exchange London Exchange is reversing a whack of the last of a bunch of nickel trades... when it spiked up over 200% .

[BTO780]

Wheat markets have sure turned south for now.
Really no surprise!! There is no fundamentals to this market, big crash could happen at any time.
Need another rally before I sell more.

[Sodbuster]

I think we take out the highs for wheat and canola by May, market has to buy acres away from corn and soybeans and the Ukraine Russia conflict brings a lot of uncertainty to grain acres and infrastructure.

[fjlip]

So sad to give it away at 25.50

[crusher]

I've been watching wheat trade today. Just did a 50 cent up and down move in 10 minutes. Targets are the way to play this I think. Just dumped a little old crop canola, $25.50. Oh well.

[fjlip]

Larry posted Spring wheat at PNW $17.16! $15.09 at Billings, $14.13 Saskatoon.

If we make a few $$, fuel, fertilizer, chem will take that from us.

[therealnorthernf]

made my donation to the Red Cross Ukraine fund on the weekend, then the first wheat sale this morning... #2 at 13 protein....$14.00

there always has to be winners and losers(I hope the grain companies are making donations to the Ukraine).. Sad the world we live in

[beaverdam]

The world sat back and let this happen.... it all played out right in front of all of us .
They knew it was going to happen and did nothing

Almost like they wanted it to happen! ???

(high oil prices are the only way to make green energy somewhat viable and cost effective)

(making the cost of living more expensive = more families reliant on government support)

[crusher]

I'm not sure of all grain companies but Cargill is using September futures for old crop HRS. Be careful out there.

[Sodbuster]

Sold my first wheat this morning, noticed that a couple of the grain companies have now raised their basis to over three dollars a big change from last week. Basis is still not that great when you consider that Minny wheat is in usd. Looking like grain companies wanting to compete for whats left from last year’s drought.