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15/16 wheat

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    #1

    15/16 wheat

    Current Dec15 Futures are trading at 620 uscents/bu. When compared to the last 8 years it is trading around a 35% decile been higher for 65% of the time.
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    #2
    If you take out 2008 was it? Its probably a 50% decile any thoughts, cant help thinking wheat is defying gravity in the big picture stuff meaning oil sharemarket and minerals.

    As I stated poked my toe in the water last week and forward sold at $300 per tonne aust take of $30 its a $270 on farm price, a fair starting point.

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      #3
      That is a fair starting point.
      Here the basis is going to widen as the Russia situation Unfolds. Funny thing is he was getting a little to powerful so magically the world price of oil tanks and now Russia is in so much financial mess Putin could be in trouble.
      Ah their is no manipulation in markets.
      Do think Grain and world in General will look different in 2015. It might make 2008 look like a Awesome year.

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