Wheat outlook

Wheat isn't even close to 40 year lows man?

 

Sorry, typo-2 years. It was late. :eek:

 

You usually read news like this near the lows but the farmers will have to sell sometime in the next 5-6 months so unless something changes the wheat market could remain a little sick.

http://www.kansas.com/business/story/962695.html

 

time to fade mr goldilocks ?

gotta love those calls made when a market is at an extreme price point ( in this case near contract lows )

( saw this headline today on the newswires )

its bad enough when the banks do their equity forcasts

heck ... I ask you how many of these calls are "right" weeks later etc ?

so no way I will follow the lemmings here

-Goldman Sachs Cuts Wheat, Corn Price Forecasts on Higher Stocks -

 

The spreading between the classes of wheats is going to be far more lucrative than these directional play guesses.

 

I agree with you on that. Just waiting for an entry signal, myself. Unfortunately, I have to use my higher commission and poorly designed interface account for these trades as IB has yet to provide access to KCBT and MGEX.

 

Hello.

Does anyone from here watch and trade the Spread of Minneapolis (MGEX) Spring Wheat to Soft Wheat of Chicago (CBOT)?

It is arounds 30-35 cents now.

So, have opinion, if will drop or will raise ?

Kind Regards,

George Kanellopoulos.

 

long both.... like ke better

 

Im thinking that MGE will rise in relation to both other classes, I could be wrong certainly the proof will be in the pudding.

 

Beans 60 cents off of the last low, Corn 20 cents off of the last low, and wheat 10 cents. Wheat is a tad bit on the heavy side for now anyway. It will has it's day again in time because the option sellers can't make any money without market movement.