Started adding a few longs purely based on USD weakness (however...

  1. Tmacker69
    616 Posts.
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    30/04/15
    11:35
    Post #: 15187874
    Started adding a few longs purely based on USD weakness (however short-term that proves to be).

    Seems to be a few nibbles (or covering) down in the 450/60 region recently.

    Certainly a few things point towards more downward pressure for wheat:

    http://www.bloomberg.com/news/artic...t-export-restrictions-as-rain-nourishes-crops

    Won't help lol.

    http://www.themoscowtimes.com/news/...ack-sea-wheat-following-price-cut/519968.html

    Neither will that...

    India is having a few issues with their crop though:

    http://www.business-standard.com/ar...se-to-be-lesser-in-punjab-115042900943_1.html
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