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According to the sk-sf spread
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Joe R
Posted 12/8/2022 09:18 (#9971668 - in reply to #9971631)
Subject: RE: All we heard was a 2008 market


I suppose if you stretch the chart out far enough you can make it say what you want. Never heard of a double headed head and shoulders.

What happened the last month in wheat is nothing but shorts piling in and increasing their position. World supplies are big. Russia and Australia have record crops. Russia and Ukraine are still farming and shipping. There have been multiple attacks on Russia this week and the wheat market doesn’t care anymore.
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