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Money Making Mondays Dec 4

Monday, December 5, 2022 at 5:34:38 p.m. UTC

Top 3 – Things to Watch this week:

1. 2023 Wheat Seeding intentions around the world are starting to increase. (bear)

2. Soyoil is down significantly because of renewable fuels mandate are less than expected. (Bear)

3. Canola is strong because Stats Canada suggests a smaller than expect crop (bullish)

This week’s Action Item:

With wheat down hard in the last few sessions now is the time to watch basis levels. As farmers stop selling at these prices basis levels may narrow in. This could be an opportunity to do a basis contract.


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