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Are We in a Capitulation Phase?

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    #11
    A Black swan that must be in the back of everyone's mind is how the market will respond when one of the nuclear power plants in the Black Sea region finally gets successfully blown up.
    Look up what the wheat markets did when Chernobyl happened.
    Edit. Maybe not technically a Black swan since it is not completely unpredictable.
    Last edited by AlbertaFarmer5; Aug 17, 2024, 19:24.

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      #12
      Sure looks like a bottoming out in the wheat market. Looking for higher lows and higher highs.
      • Likes 1

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        #13
        Well we will be forced to hold for the foreseeable future whether we want to or not. Goings on in Russia SovEcon predicts 10 million tonne cut in exports over last year. Besides harvest conditions are crap further east so quality worse.
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          #14
          Despite all of the bearish news, world wheat stocks to use ratios are lower now than they were when wheat was at record highs. Has declined every year since.

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            #15
            Originally posted by AlbertaFarmer5 View Post
            Despite all of the bearish news, world wheat stocks to use ratios are lower now than they were when wheat was at record highs. Has declined every year since.
            I'll give you a HUH... cause you're posting like him...



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              #16
              I stand corrected. That should have said 2022 highs, not record highs.

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