Australia's largest stock trading and investment forum Australia's #1 stock forum

How low can wheat go?, page-59

First 59 Last

Share
Profile

Follow
ozexplorer

14,963 Posts.

56

18/12/14

12:57

Post #: 14480904
Share

Originally posted by heraclitus ↑

Wheat a big short if it keeps rallying on Russian export restriction fears. Taking a look at the world balance sheet and stocks-to-use ratio, it's clear that this latest rally is built on rumours and funds pushing cbot higher. The reality is, the few mil of wheat (at most) that Russia would impact the market by (assuming the rumours eventuate) is not going to significantly impact world s&d.

Price is now right on underside resistance from April. If that is breached, we could easily see a fund and technical driven rally towards 750c/bu and if that happens, by golly I'll be short!

Expand

I think Russia will need all the wheat it can get locally and from overseas. From countries overseas friendly to it and also with a weak currency.

More Russians will be eating basic staples again shortly as they will have no roubles to buy anything else other than basics to survive.
Upvote

Reply

Top Stories

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

RPM

Cyprium to net A$9M from sale of surplus generators at Nifty copper mine, WA

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

There are more pages in this discussion • 145 more messages in this thread...

First 59 Last