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I'm Leaving Forex for Wheat

Written by A Forex View From Afar on Monday, February 18, 2008

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The price for Spring Wheat had gone up 90% since January 2008, which is almost 2% per day and 400% since February, last year. Commodities traders really know what they want, nice trending markets.

In a time when equities cry for help in the face of recession, wheat is making new tops. Commodities markets say, because of the massive exports, wheat inventories can fall to a 60-year low this year.

Can someone please call up to the top, and say these prices will definitely pass to consumers. It's all about food inflation.

FT: Wheat prices surge to new high

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Fundies and Trading
There is a constant question from some traders as to why anybody would ever need to consider the ‘F’ word when trading. Fundamentals: what is so damaging at looking at both Technical charts and having a Fundamental filter to gauge how many Lots to put on? Why is it that accepting that Technicals give us price points to trade, but Fundamentals determine the direction that we travel is so difficult for some traders to accept? Without a Fundamental Filter very few pure Technical traders would have seen this Dollar move coming today.

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