Saudi's Wheat production dries up.

[Guest]

I think you're right farma , that is exactly what happens .and you add to that all the negative reporting on market reports . worse one being WP market report , even if there is a shred of good news in one , they will end with a negative point and why you should sell . even on here you get the rhetoric like the one of "beware the canola surge " that was surely coming . or that crushers were all booked up . what a joke , 30-40 % of canola will not be there and we're still getting that shit rammed down our throats . the negativity in most market reports really pisses me off . did you hear any of them saying there would be a severe shortage of durum last year or peas this year . no they don't dwell on anything good for farmers

[cottonpicken]

I'm Dying to know the paper vs physical ratio on the exchanges. Anyone know?

Entertaine the idea for a second that it could all be manipulated very easily.

[samhill]

It looks like 189,000 contracts traded, with another 10,000 or so in options.

http://www.cmegroup.com/trading/agricultural/grain-and-oilseed/wheat_quotes_volume_voi.html?2014911251=

[farming101]

11 dollar canola triggered in southern Manitoba. Generic I assume.
Really good considering bids are around 10.50.

[cottonpicken]

Two hundred thousand times five thousand bushels=a billion or did i move the decimal point in my head to far?or is it even worth talking about because nobody cares.

[farmaholic]

Nope you're right, its a thousand million. But what the **** you talkin about Willis?

[farming101]

Ya well obviously here be whales...
The total soft red winter crop is traded twice a day.

[farmaholic]

15444, did you put your post here? I had one addressed to cotton and farming. It seems to me your post took the place of mine.

Administrators, is my post available to put here?

[farmaholic]

In my lost rant...

I asked if farming101 could produce a historical chart of contract volume to show the significance.

-I stated I was slow...
-I stated you have to fill in the gaps and not assume...
-I stated that I am learning and I do know there is a **** of alot more that I don't know than I do know...

Thanks in advance. If this thread is too far down the list and you think it is important enough for others to see start a new one with the chart.

[cottonpicken]

I've always used chartsRus. That's where I got the wtf is going on here and I have very little doubt some of the metal market is being medaled with. But if you take a look you'll see it may be happening across the entire spectrum. Volumes are off the map.

[sumdumguy]

Kansas City wheat 2008 was $13.00, now $5.00 - why?

[farming101]

[URL=http://photobucket.com/]/URL]

As you can see volumes shown in the columns at the bottom are much higher beginning in 2008 when the whole world got pumped and dumped.

Greed, computers and High Frequency Traders are some the reasons.

Since 2008 I really don't see a large increase in volume for Chicago Wheat.
It is the go to North American wheat contract for international traders. So they could be trading any type of wheat from anywhere in the world and they choose to use CBOT to hedge. My guess anyway.

[farming101]

There is a steady increase in volume since the 2008 hangover.
June 2015 activity the highest since November 2007.

[farmaholic]

Okay now the golden question, and why the significance. Trading shit that doesn't exist? Everyone else making money on speculation?(Ya I know I can participate and am a speculator myself on a different level). Money moving around looking for a return.

[farming101]

I guess that is why it is a futures contract. Delivering on a futures contract is another story.

What I have a problem with is all the debt that has been bundled up and sold so that someone can profit today on debt repayment that shouldn't happen for decades. Criminal.