Canadian Wheat Futures

Wheat futures opened yesterday on the ICE-Canada platform. Volume was extremely slow with 3 contracts traded. Durum futures had no volume. Glad to be rid of the CWB and their monopoly, but this is not a good start for our friends up north.

General Mills CEO Plays Politics

General Mills CEO blames ethanol subsidies for high grain prices.  Guess he was playing golf when the heavy spring rains put the corn and spring wheat crops back by 6 weeks, as well as the serial crop difficulties in Russia and China the past year.  He probably wants to bankrupt the farm states so that … Continue reading

2011

Have spent the last half of this year starting a recycling business in Bloomington, but will get to regular posts. I will use twitter for short notes and this blog for longer thoughts.

Gold and Wheat

Gold prints 1250, and CNBC talking heads are talking gold and wheat in the same sentence, which scares me. Usually you can fade the market when the Wall Street crowd discovers your market, but for once, they seem to be right, just 250 too late.

Wheat Spread Warning

Cash basis widening while futures are rallying.  This usually precludes another leg up.  Market needs to test 830 blowoff level in the next few weeks, so caution is recommended.  This smells so much like 1983, that I am digging out my charts.

Wheat Consolidating

Wheat taking a break, but is considerably volatile. Plantings will be up considerably in the US with a 2.50 rally consolidating during decision period. Expect SRW plantings to exceed a crop of 450 for 2011 harvest.

Stat Futures Welcome

Welcome to the Statistical Futures blog. I will discuss the wheat market and the futures industry.