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Hard Red Spring Wheat - MGEX March Futures

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    #16
    Originally posted by furrowtickler View Post
    Same here , the bids were there , but they would not buy . Frustrating
    BC Nov Floods messed up shipping no doubt... no fun for anyone.

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      #17
      I got nervous and sold half of remaining wheat inventory. Got a decent basis. I may buy Minny back if it slides down to $9.

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        #18
        CBOT wheat up 14 cents US off the support...now what? Minnie Wheat decoupled still.

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          #19
          Originally posted by fjlip View Post
          CBOT wheat up 14 cents US off the support...now what? Minnie Wheat decoupled still.
          It looks like my bearish Target 1 with the confluence of a fib level and 200 DMA could get hit.

          The original analysis from December 9.

          https://klarenbachgrainreport.substack.com/p/hard-red-spring-wheat

          Click image for larger version Name: QMWH2022_2022-01-11_14-44-34.jpg Views: 1 Size: 15.5 KB ID: 772196

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            #20
            Support on the continuous chart at about 911 1/2
            Though having said that I wouldn't be a buyer just yet

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              #21
              Tomorrow’s USDA report should give us some sense of direction, I’m bullish, corn and soybeans have been buying acres so far, wheat will have to go up to buy acres.

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