Getting into some wheat at these levels

Discussion in 'Commodity Futures' started by athlonmank8, Apr 30, 2008.

  1. Should see a squeeze in the next few.

    I'm sure they planted a ton so not the usual pos.
  2. einai


    "I'm sure they planted a ton so not the usual pos."

    What do you mean?

  3. Nice base. Stop @ 7.91. Still a lot of pressure on this thing though.

    Target's 9.4.
  4. its looking like wheat will run again, i'm playing it by the spreads, buying march selling july. itll be interesting to see what happens!
  5. I'm thinking that too.

    Nice day today. Should move up again tomorrow.

    Stop just under 8. First Ag. trade for me
  6. I'd be very careful basing trades on "should see" and "looks like".
    Especially in a market like wheat which is thinly traded and controlled by some very big players.
  7. bingoking, I understand your concern. But wheat is extremely liquid market with good volume on it. Esp. Chicago Wheat, KC isn;t bad. I use it mainly for spreads though. But then again all I really trade is spreads