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I can’t see that being wrong….it’s bloody good money
There were similar things being posted a year ago, about forward selling 2021 wheat at £160.
Just saying…
I can’t see that being wrong….it’s bloody good money
Are you saying you think it’s not enough?There were similar things being posted a year ago, about forward selling 2021 wheat at £160.
Just saying…
If there's a real shortage globally, the sky is literally the limit.Are you saying you think it’s not enough?
there’s a limit on it all surely as realistically how much more can it go?
I hope your right….If there's a real shortage globally, the sky is literally the limit.
And currently there's little to no good news on harvests.
Obviously, but all I was pointing out was you must look at the whole net gain when considering risk of a volatile market. Same with CFA, for every £10/t increase, my net gain after tax is £3/t.Don’t let tax ever stop you from making as much as possible- you won’t ever pay more than 40% of what you make extra
Obviously, but all I was pointing out was you must look at the whole net gain when considering risk of a volatile market. Same with CFA, for every £10/t increase, my net gain after tax is £3/t.
How long the Bulls will keep driving this market, which is fundamentally a Covid rebound, is unknown and in my opinion a massive gamble. Funds have moved massive long positions from Nov to May, and will want their profit sometime.
Past performance is no guide to the future, but it is a bloody good reminder.
28th Feb 2008 Milling wheat £211.40
by 22nd May 2008 it was £170
and by next harvest 21st August £142
No, today we have a projected World ending stocks of wheat of 277 mil tons, the lowest it has been since just 2016/2017.But was the world in a more surplus position then ?
and how do the consumption figures compare?No, today we have a projected World ending stocks of wheat of 277 mil tons, the lowest it has been since just 2016/2017.
In March 2008 it was the lowest for thirty years at 109 mil tons.
But the China figure is always one that "should" throw a spanner in the works but never seems to do, nobody seems to know the exact accurate figures. Also in March 08 we didnt have fert at best part of £700/t, fert in Aus is 1000 dollars/t, shortage it would seem everywhere so I am unsure you can compare.No, today we have a projected World ending stocks of wheat of 277 mil tons, the lowest it has been since just 2016/2017.
In March 2008 it was the lowest for thirty years at 109 mil tons.
Obviously, but all I was pointing out was you must look at the whole net gain when considering risk of a volatile market. Same with CFA, for every £10/t increase, my net gain after tax is £3/t.
How long the Bulls will keep driving this market, which is fundamentally a Covid rebound, is unknown and in my opinion a massive gamble. Funds have moved massive long positions from Nov to May, and will want their profit sometime.
Past performance is no guide to the future, but it is a bloody good reminder.
28th Feb 2008 Milling wheat £211.40
by 22nd May 2008 it was £170
and by next harvest 21st August £142
Feed wheat has dropped 50p so far today for November, time to panic sell, sell, sellcan you really see anything that could cause such drops right now though ? Fert prices have never tripled before or supply of essential inputs ,like glyphosate never been in such doubt, low world stocks and production problems in various large production areas
what news could turn this market round to bearish now ?
Could be because the pound has just eased very slightly today after shooting up before the budget.Feed wheat has dropped 50p so far today for November, time to panic sell, sell, sell
Yep, never underestimate a computer algorithm programme. Then theres the more basic human element of greed ( when its going up ) and fear ( when its going down ).£220ish also a good number for computers to sell at.
When the futures were in the 80 to 140 range £ 5 movement in a day was a lotYep, never underestimate a computer algorithm programme. Then theres the more basic human element of greed ( when its going up ) and fear ( when its going down ).
Even though everything fundamental still looks bullish, profits are never realised until futures positions are closed out - there will be a period if the market comes off say £5 or so over a day or two that some folk will bail.
The pound easing is helpful to uk prices.Could be because the pound has just eased very slightly today after shooting up before the budget.