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Wheat futures

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Anyone know a good mortgage broker? I'm looking to get a loan for my next loaf of bread.

 
Keeps on going !



http://www.bloomberg.com/apps/news?pid=20601087&sid=aTrp83Ld88ds&refer=home
 

Ok thanks, SHV & IPL are interesting stocks as well

Date: 8/2/2008
Author: Paul Garvey
Source: The Australian Financial Review --- Page: 66
Australian-listed Select Harvests has recorded a 2007-08 interim net profit of$A9.1m, down $A4m. The ongoing drought conditions caused losses due to risingwater charges and by forcing the almond growing business to hold off on plantingnew orchards. However, Select Harvests has maintained its dividend for thehalf-year at $A0.22. The performance should pick up in the second six months, asthis is the period in which the actual almond harvesting falls. On 7 February2008, the stock closed $A0.25 higher at $A7

Date: 7/2/2008
Author: Tracy Lee
Source: The Australian Financial Review --- Page: 8
Australian-listed agricultural fertiliser group Incitec Pivot has enjoyed stronggrowth in recent years. The stock is now trading above $A100, and the mostbullish analysts expect it to rise to around $A148. Much of Incitec Pivot'ssuccess has stemmed from its decision to focus on manufacturing rather than thedistribution of fertilisers. Manufacturing now accounts for more than 80 percent of Incitec's earnings, while the acquisition of Southern CrossFertilisers has allowed it to capitalise on the surging price of ammoniumphosphate. Meanwhile, an efficiency program known as Tardis has significantlyexceeded Incitec's expectations in terms of cost savings
 
wayneL said:
Anyone know a good mortgage broker? I'm looking to get a loan for my next loaf of bread.
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It has me wondering which hedgers have been caught out on this run in price , I'm sure there will be a few positions in that run up that have been forced to cover , adding to the price rise . Been some good money made in this run too and now news is drifting around of Iraq wheat shipments resuming .
 
Wheat showing some phenomenal relative strength once again. Another runaway gap.

Could you expect to see it hold 4.75% for the rest of the night, could you?

You really wonder at what price the physical sellers will begin to accept. If it's at 1500 on one market, and just over 1000 on another, no reason why they wont at some point meet, likely higher.

Ag plays are going to become the next nicklers and zincors if this keeps up.
 
ithatheekret said:
Pull up the lawn and plant wheat Chops .
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Nah... our goat got rid of all the wheat grass from our front lawn a few weeks back. Should have sold it!


Looks like a lot of runaway gaps on all things soft commods tonight. A blue sky breakout on the crop indexes by the looks, can anyone confirm that?

Waiting to see what POT does up against that all time high, before I take a pot shot.
 
How's this as a volatile market?

Up 3% on open, down to scratch, up 8% in 45 minutes. Insane. The really bad news for bakers and the like is that the back months are really coming along as well. The volume on the near term contracts has grown a staggering amount.
 

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The housing ladder is dead, get on the loaf ladder before it's too late.

It's easy! Mortgage yourself to the hilt to buy your first Tip Top half loaf... by the time you die you could own a full wholemeal granary loaf, perhaps two.

Unreal, exciting, disturbing, historic.

The world is changing.
 
Just as s side note that demonstrates how things have changed.

A few weeks ago 30c was the one day price limit in Chicago wheat. It is now 90c...

Gold is the poor man's commodity! LOL

Gold moves from ~$250 => ~$950 and takes 7 years.

Wheat moves from ~$2.90 => ~$12.00 in about 2 years.

(Just wish I could brag about being on it all that time. )
 
Bloomin' 'eck!

Minneapolis wheat has seen a high of ~$25!!
 
wayneL said:
Bloomin' 'eck!

Minneapolis wheat has seen a high of ~$25!!
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Can you tell me why there would be such a huge difference between the markets in the same country?

Anyway, just in case you haven't had enough of the crazies... Limit up yesterday... effectively limit down on open tonight. Absolute insanity. Enjoy:
 

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Chicago Deliverable Grades
No. 2 Soft Red Winter, No. 2 Hard Red Winter, No. 2 Dark Northern Spring, and No. 2 Northern Spring at par; No. 1 Soft Red Winter, No. 1 Hard Red Winter, No. 1 Dark Northern Spring and No. 1 Northern Spring at 3 cents per bushel over contract price.

Minneapolis Deliverable Grades:
No. 2 or better Northern Spring Wheat with a protein content of 13.5% or higher, with 13% protein deliverable at a discount.

Minneapolis wheat is of a more specific (higher protein?) grade and is probably the particular grade most damaged by adverse weather... at a guess.
 
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