Kansas wheat

[farming101]

Best close in KEH18 since Nov 15. Not saying much I guess...

[errolanderson]

USD fallout supporting . . . and short funds may now be on the wrong side of the fence. Funds will only ride winning trades and will bolt out of positions if moving averages break. To me, wheat markets are quite oversold technically. Next week may be interesting should more active short covering erupt.

But, haven’t seen much improvement in Black Sea prices. So, tech-based recovery may have shortened shelf-life, but anything is positive right now in such a tough global market.

[farming101]

Double digit gain today. Well, 10 cents. USD index up too

[farmaholic]

Then why is Minni-mouse-apolis seem to be lagging...

[farming101]

Kansas was heavily discounted to Minneapolis. Canadian wheat going south is helping keep the protein market supplied. Kansas gets spec attention before MW.

[errolanderson]

Then why is Minni-mouse-apolis seem to be lagging...

farmaholic . . . believe there was active spread trading today. Buy KC and sell MWE. This may have kept the lid on Minneapolis through the day.

[furrowtickler]

Would be nice to see a little run in wheat before road bans

[SASKFARMER3]

Min is dark northern and nd Montana SD not dryed out or winter wheat Kansas south is all winter wheat it’s sick I’ll tell you all in two days

[bgmb]

Lock the Bins. Make sure you dont have any targets in. Its dry market is going to move

[bigzee]

And I sold some wht for $7.11 last wk. Should go to $8 forsure now.

[SASKFARMER3]

Min won’t go till our crop is seeded and it’s dry till then

[SASKFARMER3]

Kansas will if USA keeps freezing and stays dry. It will be first

[farmaholic]

To me, spot prices are the shits here, bigzee $7+ was a nice catch in my opinion, depending on your Px that's probably50-60 cents higher than #1-13.5 here. Not saying it won't go higher but the current bids aren't very good right now.

Gotta look back at West Coast asking to see if basis is reasonable. But who knows what the prices were when the sales were made for the current or soon shipping. I assume there is a lag.