Get long wheat?
- Thread starter Pekelo
- Start date
================Quote from number22:
Today's crop report is very bearish, but wheat has been dropped so many days already. I don't know what this call for.lucky?
Good point about'' wheat dropping for many days''..............;
and the long term trend is still good Up-trend.
Problem perhaps for the medium trend bulls follows;
50 day moving average is still downtrending/bearish,
50 day price, 60 day candle chart is bearish/downtrending.
Close today is up a bit, so have to respect that[not a prediction];
but frankly with 50 day moving average still bearish,
if i had to buy something ,probably be wheatland..... not wheat.
As far as fundamentals,/ funny;
but chickens like milo about as well as wheat,
many wild birds like milo , or sunflowers better than wheat.