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Barchart
Barchart
Darin Newsom

REVEALED: How do i reconcile wheat - The Real Truth

USDA United States Chicago CFTC
  • In its monthly WASDE reports, USDA continues to lower global wheat ending stocks for 2023-2024 creating a great deal of hubbub about bullish wheat supply and demand. 
  • Yet a look at Barchart's Cost of Carry table shows us Chicago wheat futures spreads continue to run near 100% full carry, an incredibly bearish read on real fundamentals. 
  • How do I reconcile this difference? I don't, because I don't have to based on Newsom's Market Rules #6 and #2. 
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