Where are wheat’s legs coming from?

[wheatking16]

If you could wait about 6 months for an answer, forage can tell us exactly what the wheat market did and why. And how he predicted it and sold all of his production from years ago at the very high again.

And on a serious note. The more I learn about markets, the more I accept that fundamentals really don't matter. They only matter as at justification after the fact. If fundamentals actually mattered, the wheat market would be higher today than it was 2 years ago when it had no business being that high.

YES!!!!

[AlbertaFarmer5]

YES!!!!

Would you recommend turning off the news and ignoring the social media, then just subscribing to a local Saskatchewan farm boy who offers a technical analysis service? Who accurately warned his subscribers about downtrend?

[wheatking16]

Now that you mention it....

[Old Cowzilla]

Predictions of India moving into importing wheat are playing into the game. Inventory is a little low and they are usually grow enough of there own.

[foragefarmer]

If you could wait about 6 months for an answer, forage can tell us exactly what the wheat market did and why. And how he predicted it and sold all of his production from years ago at the very high again.

And on a serious note. The more I learn about markets, the more I accept that fundamentals really don't matter. They only matter as at justification after the fact. If fundamentals actually mattered, the wheat market would be higher today than it was 2 years ago when it had no business being that high.

Thanks for the compliment on my common sense marketing, even though it's frequency is coming across as the crippling emotion of jealousy, your mental health is concerning.

As mention I left wheat growing years ago, so it's all yours Ab5, have at it.

But, I do see you're still hung up on missing out on those record prices and blaming the current market fundementals for not providing you with a price you feel it should be for that second chance.

Ab5, you got to move on as others have also stated on Agriville, it's 2024 so concentrate on seeding your wheat, rather than looking through the rear view mirror at 2022.

[errolanderson]

December Kansas City Wheat

Hedgers note: Chart resistance seen at $7 per bu approaching . . . .

[shtferbrains]

Is that a rocket?

[jazz]

Now you guys have learned something about commodity markets. Has nothing to do with supply and demand. I mean bombs flying in the Russia Ukraine black sea regions, weather problems in SA, ME powder keg, India shortages, China hoarding, ships attacked in red sea and 75m new mouths to feed this year, and barely a blip in price.

[furrowtickler]

Well the vast majority of us actually do know , but sooner or later the supply demand can’t hide
This past 4 months has been another great grain robbery with every poor excuse on the planet to keep wheat prices down with all that you pointed out going on .

[bucket]

Too bad we don't have something like,say, sales reporting, like the Americans have.

Farmers tried through resolutions at farm group AGMs , it has been forgotten. The directors got caught up being short on contracts, and that became more important.

[blackpowder]

Farmers tried through resolutions at farm group AGMs , it has been forgotten. The directors got caught up being short on contracts, and that became more important.

I haven't followed why it's been forgotten over the years. It all seems paralyzed. And a deaf government for nearly a decade.
As for being short on contracts. There is insurance for that on wheat and canola. Contract revision shouldn't even be an issue.
Small player force majeure issues and late payments are.

[flea beetle]

Sold my wheat. Now it will skyrocket a few $/bushel…your welcome!

If only canola would catch some wind in its sails. Going backwards.