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Hard Red spring Wheat

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    #13
    Wasde report this morning will be interesting. I will be interested to see how production projections of corn and soybeans in South America are adjusted or if they are adjusted. Excessive rains in Northern Brazil have slowed harvest and drought in central and southern Brazil have withered crops.

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      #14
      Originally posted by wheatking16 View Post
      The Cash price is at the 200 DMA and 0.382 Fib Retracement so I anticipate a bounce.

      I wrote about MGEX HRS wheat today and the bounce off the 200 DMA possibly into 955-970.

      Tomorrow is the WASDE report so......

      Chicago and KC are sitting just below their declining 50 DMA.

      The short and longer term trends are not aligned so it no-trade zone for me.
      Got the bounce to 975.

      Now we reassess.

      Click image for larger version Name: MWH22_Barchart_Interactive_Chart_02_10_2022.jpg Views: 1 Size: 15.8 KB ID: 773074

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        #15
        RP not buying wht till April.. no demand...
        Hate wht...

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          #16
          Originally posted by BTO780 View Post
          I’m waiting $15 like SKF. Either way we might be the only guys with wheat left to sell.
          $15 by June?

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