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Wheat Prices
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farmerjo
Posted 1/27/2010 15:59 (#1044285 - in reply to #1044206)
Subject: Re: Wheat Prices


All you hear is to sell wheat, everyone is short and I've heard several mention it going to $4.20 so I'm guessing a lot of people think it will go there, that doesn't mean it will. Our basis improved .05 today, it seems like when everyone thinks it is going one way, it is close to changing, so I'm guessing it will bounce soon, how high though, who knows. I wouldn't feel comfortable shorting wheat now anyway.
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