Hoping next weeks USDA reports are benign for wheat.
Sadly wheat may just be a follower either up or down and not trade on its own merits as is often the case.
Anyone suggesting bullish news in any of the 3 commodities?
Fair chunk of australias cropping areas has had good rain this week say 70% of the area.
See russia/ukraine i think has had 600% increase in rain during harvest suggestions are quality will be crap. Hasnt really hit the wires yet. But one could argue there wheat is always crap.
Sadly wheat may just be a follower either up or down and not trade on its own merits as is often the case.
Anyone suggesting bullish news in any of the 3 commodities?
Fair chunk of australias cropping areas has had good rain this week say 70% of the area.
See russia/ukraine i think has had 600% increase in rain during harvest suggestions are quality will be crap. Hasnt really hit the wires yet. But one could argue there wheat is always crap.