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<blockquote data-quote="Baling Hay" data-source="post: 8152550" data-attributes="member: 1057"><p>Not cheap but has potential to make food much cheaper if biofuel mandates reduced. Hence why germany proposed reducing mandates from 4.4% to 2.4% last week and OSR fell 60 euros on the news.........</p><p></p><p>This thread has strong recurring theme of confirmation bias going on, wheat is undoubtedly bullish with what is going on...but how much of this has been priced in by the market by wheat going up £150 in a few months?</p></blockquote><p></p>
[QUOTE="Baling Hay, post: 8152550, member: 1057"] Not cheap but has potential to make food much cheaper if biofuel mandates reduced. Hence why germany proposed reducing mandates from 4.4% to 2.4% last week and OSR fell 60 euros on the news......... This thread has strong recurring theme of confirmation bias going on, wheat is undoubtedly bullish with what is going on...but how much of this has been priced in by the market by wheat going up £150 in a few months? [/QUOTE]
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