Wheat - Oct 11, 2006

Quote from Pa(b)st Prime:

It's not so much "each" month that does it's own thing. Different crop years do their own thing. The CBOT Wheat contract is Soft-red Winter Wheat harvested in the early SUMMER. Thus July/07 Wheat is the Wheat that's just now being planted. The prices that are exploding (Dec/06, Mch/07) are existing supplies of wheat.

BTW: I hear funds are long the fronts, Cargill and other commercials are shorts spreads and a few locals are down millions.
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The way I look at the markets, each "month" has its own uniqueness of oscillation. Yes, there are similarities but I read and take my signals from market specifics and they are unique from month to month.

The indy feedlots I help out in Kansas have been long Dec. Wheat & Corn since mid September. Talk about one happy bunch of ranchers. IMHO Corn could be potentially topping here.
 
any useful link to read up on the upcoming wheat numbers ( every week or so)... I did google it, not a lot of helpful stuff
 
Quote from Sashe:

any useful link to read up on the upcoming wheat numbers ( every week or so)... I did google it, not a lot of helpful stuff
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There is so much mis-information out there in the grains that the only useful information I get is on the weather channel. Personally, I'm a technical/seasonal trader.
 
Quote from Sashe:

any useful link to read up on the upcoming wheat numbers ( every week or so)...
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I too would be interested in any good news sources on ags in general.

CBOT produces a 3x daily report from the floor that has a variety of interesting news.

http://www.cbot.com/cbot/pub/page/0,3181,1033,00.html

I also tivo "This Week in Agribusiness" on RFDTV (and skip the 5x per broadcast weather reports). They sometimes have some pretty good news segments.
 
Great link FullyArticulate, thanks a bunch
ProfLogic: i am technical too, but .dont want any surpises while i am in a position. thank you too
 
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