Where are wheat’s legs coming from?

[AlbertaFarmer5]

Did the buyer come closer to your number, or did you have to compromise to their number?

[flea beetle]

They picked up the hard red at $9.50 for 1-13.5. I compromised on the cps at $8.68, but am now hearing G3 was offering $9.00 (my target) at the high before wheat pulled back a bit.

[Sodbuster]

Wheat markets up big this morning, are the hedge funds trying to unwind their short positions?

[wheatking16]

Wheat markets up big this morning, are the hedge funds trying to unwind their short positions?

They have been for a while but have been accelerating.

[jdg364]

With this weeks rains and next weeks forecast it looks like the majority of the prairies have had a taste if h20. This has me thinking that a person better be mindful of fwd selling some new crop.

cnl around $14 and wht around $8.50 is nothing special but might be all a guy can expect off the combine for the first 5-10bu. It was just a few months ago where cnl was around 12 and wht started with a 7

[errolanderson]

DECEMBER MINNEAPOLIS SPRING

Resistance now seen at $7.50/bu. If it breaks, next $7.80/bu. Looking overbought right now, but trend definitely up. Corn also moving, pulled by wheat.

Chicago / KC wheat fund shortcovering may be exhausting for now. But wheat lows are definitely in (IMO).
errolanderson.substack.com

[shtferbrains]

March 24 has been bouncing off that $7.50 resistance.

[jazz]

Widespread frost and drought in Russia Ukraine has already trimmed their production.

[WiltonRanch]

Yes -4c two nights in a row on ww at jointing isn’t good. Not to mention dry as well

[makar]

Was plus 1 here this morning now solid smoke.

[cropgrower]

wheat big jump up this morning

[sumdumguy]

Seeding is getting late around here, usually the new crops are covering gumbo flats. Very few crops are seeded- most are making trial runs and a few crops are greening up.