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Combinables Price Tracker
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<blockquote data-quote="Brisel" data-source="post: 5368216" data-attributes="member: 166"><p>Expert? Ex = has been. 'spurt = a drip under pressure! <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite8" alt=":D" title="Big Grin :D" loading="lazy" data-shortname=":D" /></p><p></p><p>£200/t is a big resistance line IMO. Expect lots of sales of paper that keep it no higher than that. UK wheat is £10/t too expensive to export so forced harvest sales will have to go somewhere else. You're not alone in believing that store space will be ok so I expect a lot of physical grain staying within these shores. For 7th August there isn't reliable information around as to how bad the NW European harvest really is yet so IMO this is a sentimental market not a fundamental one. Buy a rumour, sell the fact.</p><p></p><p>Volatility is assured!</p><p></p><p>My bet is £200/t LIFFE Nov 18 is the peak, so £4.75 above where it is now.</p></blockquote><p></p>
[QUOTE="Brisel, post: 5368216, member: 166"] Expert? Ex = has been. 'spurt = a drip under pressure! :D £200/t is a big resistance line IMO. Expect lots of sales of paper that keep it no higher than that. UK wheat is £10/t too expensive to export so forced harvest sales will have to go somewhere else. You're not alone in believing that store space will be ok so I expect a lot of physical grain staying within these shores. For 7th August there isn't reliable information around as to how bad the NW European harvest really is yet so IMO this is a sentimental market not a fundamental one. Buy a rumour, sell the fact. Volatility is assured! My bet is £200/t LIFFE Nov 18 is the peak, so £4.75 above where it is now. [/QUOTE]
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