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Technicals wheat canola

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    Technicals wheat canola

    Admit i know zero about this side of futures.

    But have technical levels on down side been breached?

    Or we havent reached key support levels yet?

    All i know its darn dry and a falling market not good combination doubting drought basis will help.

    oddly in australia barley holding up well price wise

    #2
    Do not do what i do....
    I'm increasing wheat sales today if steady. Much more downside risk than up. Seasonals over i think...
    Hopefully moving to 40-50% sold physical with a very few earlier put spreads left in place. Covering production risk later maybe with a few call spreads but feel safe at 40%. Obviously different timing.
    Canola nothing done past the 20% months ago.
    How's your CPAP machine working out?

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      #3
      CPAP errr slowly but surely

      Foward prices for wheat and barley here today actually rose. Drought premium

      Comment


        #4
        Originally posted by Landdownunder View Post
        CPAP errr slowly but surely

        Foward prices for wheat and barley here today actually rose. Drought premium
        I really hate mine but need to use it.
        Basis narrowing?

        Comment


          #5
          I think politics and managed money are trumping technicals these days. I note almost all commodities were down yesterday and fortunately nearly all up this morning. As always, have a plan, set some targets, and hopefully you can make a profit in these turbulent times. I've gone from way, way too much inventory down to just too much inventory.

          Comment


            #6
            Yes, it's the velocity and volume of change that's our new danger.

            Comment


              #7
              Commodity fallout is becoming broad-based as deflation digs in . . . .

              Central bankers totally out-of-touch with market reality. Gold prices now in-a-slide as inflation fades. Rate cuts ahead, when policy panic finally sinks in (possibly this summer). Gong-show ahead (IMO).

              Comment

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