Wheat and Canola

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Wheat and Canola

farmaholic's Avatar Feb 8, 2019 | 12:19 1 What happened to Wheat?

Canola? Reply With Quote
Feb 8, 2019 | 12:49 2
Quote Originally Posted by farmaholic View Post
What happened to Wheat?

Canola?
usda data dump day Reply With Quote
Feb 8, 2019 | 22:13 3
Quote Originally Posted by farmaholic View Post
What happened to Wheat?

Canola?
Could have been worse Reply With Quote
farmaholic's Avatar Feb 8, 2019 | 23:39 4
Quote Originally Posted by farming101 View Post
Could have been worse
Any long term damage done? Or just needs to be digested and shit out, and wait for the next morsel of fodder and see if it upsets the market's tummy? Reply With Quote
Feb 9, 2019 | 09:43 5 USDA reports were surprisingly mundane . . . . . Not much in the way of surprises.

Global soybean data appeared slightly bullish.

Wheat data appears neutral (IMO).

Watch will now turn toward trade deal progress between U.S. and China before end of February. Reply With Quote
Feb 9, 2019 | 10:04 6
Quote Originally Posted by farmaholic View Post
Any long term damage done? Or just needs to be digested and shit out, and wait for the next morsel of fodder and see if it upsets the market's tummy?
Quite a bit of medium term damage already done to the futures charts. But it could be worse. Aug 2016 Sask prices were over a dollar lower with about the same CAD values as we have now(a touch higher)

MW chart is the weakest reflecting higher ending stocks of US HRS.

Feb 12 shows up as a day when prices could begin to break away from the recent downward pattern or fall back into it. Not sure of any fundamental news that could move things. The roll out of March into the deferred gains momentum about then Reply With Quote
Feb 9, 2019 | 21:51 7 Not much fundamental news to move it either way i reckon so patch of least resistance it will grind lower.

Reckon GASC bought a shitload of wheat last week either from usa or russia can rememeber Reply With Quote