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Nemo_Confidat
Feb 11, 2021 9:17 AM

Wheat (US) - SHORT; SELL it! Short

Wheat FuturesCBOT

Description

It's definitely a SHORT, for now.

The Kansas-Chicago differential also indicates a Chicago short here, and then probably a recovery into the new crop.

Trade active

SHORT

Trade closed manually

FLAT; -3c

Probably a little too early on this one.

Comment


This is a SHORT here.

Trade active

SHORT
Comments
eightmean
wait till approx 740 and then sell it.
Nemo_Confidat
@eightmean, That was going to be my next try ;-)
eightmean
@IanSinclaire, there is a fundamental speculation basing on shortage of stocks on last year harvest. It can last till the beginning of april. Btw mind a correlation between us and eu grain markets. cbot to euronext matiff approx 90% another way round 50%.
Nemo_Confidat
@eightmean, That speculation (shortage) is just that, speculation. Been to the Mid-West recently and never seen silos that full, ever!
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