Wheat isn't even close to 40 year lows man?
Wheat outlook
- Thread starter drsteph
- Start date
You usually read news like this near the lows but the farmers will have to sell sometime in the next 5-6 months so unless something changes the wheat market could remain a little sick.
http://www.kansas.com/business/story/962695.html
http://www.kansas.com/business/story/962695.html
time to fade mr goldilocks ?
gotta love those calls made when a market is at an extreme price point ( in this case near contract lows )
( saw this headline today on the newswires )
its bad enough when the banks do their equity forcasts
heck ... I ask you how many of these calls are "right" weeks later etc ?
so no way I will follow the lemmings here
-Goldman Sachs Cuts Wheat, Corn Price Forecasts on Higher Stocks -
gotta love those calls made when a market is at an extreme price point ( in this case near contract lows )
( saw this headline today on the newswires )
its bad enough when the banks do their equity forcasts
heck ... I ask you how many of these calls are "right" weeks later etc ?
so no way I will follow the lemmings here
-Goldman Sachs Cuts Wheat, Corn Price Forecasts on Higher Stocks -
The spreading between the classes of wheats is going to be far more lucrative than these directional play guesses.
I agree with you on that. Just waiting for an entry signal, myself. Unfortunately, I have to use my higher commission and poorly designed interface account for these trades as IB has yet to provide access to KCBT and MGEX.
long both.... like ke better
Im thinking that MGE will rise in relation to both other classes, I could be wrong certainly the proof will be in the pudding.