Despite the glut of supply and lacklustre demand I am accumulating wheat futures in the lower range. I have done the same with NG and we saw one hell of a short covering rally and considering Wheat is being shorted approx 1000 contracts per day we could see a similar rally. Entry is immaterial as it is purely a game of patience to accumulate at the right prices. I have my next entry point at 445.
Wheat weekly.
potash downgrade pressure fertiliser companies, page-4
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