When do fundamentals take over on grains |
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When do fundamentals take over on grains |
Nov 18 2009, 09:19 PM
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Administrator ![]() ![]() ![]() Group: Root Admin Posts: 51,923 Joined: 9-May 08 Member No.: 1 |
I am watching December 09 cbot wheat trading at around $1.00 over cash market for that particular wheat. Normally as you get closer to delivery they start to come together. Many times the grain futures trade at 50 cent premium to cash. Demand is poor for wheat, they are 90 percent planted and at these prices there are not many buyers. Is it foolish to consider fundamentals and just be technical.
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