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4 Years Of The Bear Wheat Market Are Over

Oct. 21, 2016 Oleh Kombaiev

Since July 2013, the wheat futures price has been gradually falling …

Wheat stocks are really huge, but nearly half of them will never get to the world market. … 45% of these stocks are in China that does not export wheat. …

The ratio between the world wheat ending stocks and the world level of consumption in 16/17 … excluding the impact of China, we (be) only 22.2% – the lowest … over the past 5 years. …

The low market price of wheat stimulates farmers to reduce the planted areas under this high-cost grain culture. In 15/16 the planted area under wheat in the United States … is the lowest … since 1970. … the world planted areas … the lowest indicator since 12/13. …

Wheat and corn are interchangeable in the diet of animals (but) wheat is more nourishing. That is why the cheaper is wheat relative to corn the more breeders are likely to replace corn with wheat in the diet of animals. The current ratio between wheat and corn futures is 1.17. This indicator is approaching the minimum value in the range of fluctuations over the past four years. …

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About icliks

Biding my time in central ms ... yours too, if ur reading this.
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