Wheat sales are fast outpacing the historic average just four months into the marketing year, as buyers scramble to lock down supplies. World wheat inventories are headed for the lowest level in nearly three decades.
"If we continue to sell at the pace that we've sold over the last three weeks, we would basically sell all the wheat the USDA thinks we're going to sell all year," Feltes said.
http://biz.yahoo.com/ap/071001/comm...eview.html?.v=4
Well, you gotta love quotes like that. That may not signify a top in and of itself but it sure makes one more likely IMHO.
"If we continue to sell at the pace that we've sold over the last three weeks, we would basically sell all the wheat the USDA thinks we're going to sell all year," Feltes said.
http://biz.yahoo.com/ap/071001/comm...eview.html?.v=4
Well, you gotta love quotes like that. That may not signify a top in and of itself but it sure makes one more likely IMHO.
