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big jump in price

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    #1

    big jump in price

    why the big jump today? wheat up 50c
    Tags: None
    #2
    Could be Canada's CWB short grain as farmers withholding grain from CWB hands demanding world prices.

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      #3
      Leaked info on a Report? Export ban from Russia again? Something is up...

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        #4
        Will note MGEX wheat was not the participant in the overall rally that other beans, corn or other wheats were. December MGEX in particular lost some of its inverse today. Will need to look at the FPC basis.

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          #5
          Big Specs jumping in,spring wheat isn't as liquid-
          meaning they can get in and out more easily.,few more
          solid days would signal a bottom.

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            #6
            Hope you are right cotton.

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              #7
              Shorts taking profits ahead of tomorrow's USDA report.
              Any thing can happen after that.
              Good luck!

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                #8
                sold some soft wheat for 5.60 cash today to a feedmill making pig feed. Oh well didn't sell too much.

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                  #9
                  funny how you cant get on the market sites when there is a price move going on?

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