Kansas Association of Wheat Growers
Quiet wheat markets…and I know some say, “never sell a quiet market”, although proving it might be difficult, as how do you define “quiet”? (In wheat, isn’t it almost always “quiet”?) This is a long term continuous weekly wheat chart, going back to 2009 or so, and to me, it suggests (if you have the money and patience), selling wheat when the KC futures are under $4.60 should be avoided if at all possible.
Maybe it’s a matter of perspective and memory, as an old-timer might think selling wheat under $3.30 should be avoided…this same chart goes back to 1988, another 20 years previous…and back then, selling $4.60 was generally always a good idea.
Source: Kansas Association of Wheat Growers