- price has broken 2 key levels for me (the 2 purple lines)
- EU harvest doesn't look great (buy the rumour?)
- has outperformed in the last week or so
- EU harvest doesn't look great (buy the rumour?)
- has outperformed in the last week or so
"Wheat has a feeding value that is comparable with corn as an energy source for pigs. The concentration of energy in wheat is 91 to 97% relative to corn when fed to pigs. However, the concentration of standardized ileal digestible (SID) amino acids, particularly tryptophan, lysine, and threonine, is greater in wheat than in corn. Pigs fed wheat-based diets can grow as efficiently, and with similar meat quality as pigs fed corn-based diets when digestible energy and amino acids are equalized."
We can then hypothesise that China is using Wheat as a substitute for Soy. Price action suggests this