Gday John
A bit of water under the bridge lately with the grains. Well into harvest and have a late cousin's crop to help market (really sad story). Would really appreciate your take on where you think wheat and soy could be heading short term. Many thanks in advance.
We are very keenly watching the Winnipeg Canola futures as well because our canola prices take a cue from them.
http://www.barchart.com/charts/futures/RSF14
5 year chart for CANOLA
And of course the dollar is having a big impact on the day to day volatility, sometimes magnifying overnight gains, sometimes magnifying overnight losses. Not sure if you have been charting this as well?
And you'll be interested to know that basis levels have help up extremely well despite the large WA crop. China still aggressively buying it seems. We are like a back paddock for them when their own crop is down.
Cheers
YC
PS - Not sure if I mentioned but a good website to keep an eye on for agriculturally unbiased news is www.agrimoney.com.
- Forums
- Commodities
- john risk - wheat price direction?
john risk - wheat price direction?, page-18
-
- There are more pages in this discussion • 118 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online