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| Etf Name | Etf Symbol | Market | Stock Type |
|---|---|---|---|
| Wt Wheat | WEAT | London | Exchange Traded Fund |
| Price Change | Price Change % | Etf Price | Last Trade
|
|
|---|---|---|---|---|
| 0.115 | 0.42% | 27.545 | 16:35:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 28.07 | 27.55 | 28.16 | 27.545 | 27.43 |
| Top Posts |
|---|
Posted at 22/4/2024 15:19 by skyship WEAT - breakout! Not a very active BB it would seem!free stock charts from uk.advfn.com |
Posted at 02/8/2014 18:19 by skyship Hi allHaving failed to breakout through the 160c resistance, regrettably WEAT dropped through the 140c support whilst my internet was down for 10days in May. I may well not have sold - certainly not as quickly and as well as Badtime - but I think I would have cut if I had known. Instead, I continue to hold & am wondering whether to average down from my original 147c entry - especially as only a 3% allocation. BT played it well - suspect I will follow his play... |
Posted at 22/1/2013 11:39 by praipus Also have you thought abour CED2 (if you are thinking long) you could by your WEAT at a discount:-) |
Posted at 22/1/2013 10:22 by praipus There is an inverse ETF for Weat (SWEA) I've listed it and the other grains and commodity ETF's on the following thread: |
Posted at 13/1/2013 11:37 by skyship DVI Herewith the link to the ETF WEAT factsheet:Personally I'm watching and waiting as WEAT could well run all the way back to its historical support some 10% lower down... |
Posted at 06/9/2009 07:38 by shavian Thanks Red, I agree. WEAT and CORN stay on the watchlist for now. NGAS/NGSP is much more interesting - I ve just posted the following on the NGSP thread:You are right about the numpties. ETFs are not always the harmless trackers the Sunday press seem to portray them as. I got a nasty surprise when I found that the AIG backed Energy and Agriculture ETCs did not do "what it says on the tin" last autumn! Important to look under the bonnet... Good hunting |
Posted at 05/9/2009 18:23 by redprince Shavian- i have been posting quite a bit on the lnga gas thread this week-v interesting situation there but many posters showing that they dont fully appreciate the dangers of investing/speculatinAs for weat and corn- been reading about the poor crops in Texas and California but a farmer friend of mine tells me that cereal prices should remain depressed for the foreseeable because Ukraine and Southern European farmers are harvesting plenty. Any views?I think its one to watch for now but i dont see any immediate upswing for some months yet?I am new to these etf`s only having bought some silver in one earlier this year. |
Posted at 01/9/2009 17:28 by shavian Hi Red, saw your similar post on CORN. Not qualified to answer your Contango question but it would seem that this cannot carry on dropping for ever. El nino, crop failures in Kenya and India, all looking bleak for the developing world, sadly. Seasonality would indicate an upturn shortly. The CORN thread is more useful in looking for indicators in the futures markets. I don't know enough about this to choose between WEAT and CORN, but they would seem to move pretty well in lockstep. More of a tango than a contago? |
Posted at 28/2/2008 09:30 by dasv WEAT is going up that's what's going on. Obviously it won't go up for ever. Trailing stops in order IMHO. |
Posted at 26/2/2008 13:13 by spob From FT Alphaville26 Feb 08 PM: Ok - i see from the paper this morning that you are determined to take a negative view of UK plc whenever possible NH: what me?? PM: Poor Premier Foods NH: come on every paper had a negative story on this creation PM: two wrongs dont make a right NH: what about 8? NH: anyway, this creation of the corporate lab is getting hammered again PM: Genetically modified finance PM: What's the damage this morning then? NH: well, traded as a low as 81.5p NH: currently down 11.5p at 85.5p NH: that's a drop of nearly 12% and a record low for the shares PM: have the authorities - the FSA - been drafted in yet to check whether this is all down to short sellers? NH: doubt it NH: as I said earlier, just about every national newspaper had a negative article on the company this morning NH: and people in the market are asking why one of its shareholders would dump 15m shares ahead of results if it did not think the dividend was going to be cut PM: annual results due on Tuesday NH: actually brokers are telling me that today's drop not only reflects fears about the results and Premier's weak balance sheet but also the price of wheat NH: Premier makes Hovis right PM: yep NH: and the price of wheat rose 25% in the US overnight PM: And up a bit more this morning PM: We must assume tho that Premier will have hedged its wheat position PM: Of course - used the futures - beign a smart GM finance company NH: if not, this could look nasty NH: actually Panmure Gordon, which follows the food sector very closely, have published a pretty bearish note on Premier this morning PM: what does it say? NH: well, they have followed the lead of Charlie Mills at Credit Suisse NH: and cut their target price to 100p NH: which looks to be a tad high NH: for a stock that has fallen 20% in two days NH: anyway, Panmure reckons the divi gets cut NH: but they also concerned that Premier will not have had enough cash to hedge rising raw material prices in the futures market PM: oh dear NH: yep NH: and as we pointed out here yesterday NH: premier's need for cash is such that it has already been forced into debt factoring PM: can we have a look at this Panmure note?? NH: here you go NH: Cutting forecast ahead of results downgrade to Hold Our confidence in Premier's recovery story was knocked when we learnt that the Bradford Bakery did not fully close as announced last Autumn. Despite assurances that factory closures had 'progressed smoothly', some lines did reopen. NH: While the bulk of the costs is likely to have been removed, we share the markets concerns about transparency. We also doubt the effectiveness of Premier's cost recovery in cakes. With rising input costs likely to exert further pressure on the balance sheet we are cutting our forecasts for next year, and our recommendation from Buy to Hold with a new 100p price target. NH: Full-year results due 4th March: Premier will attempt to rule a line under what has been a pretty disastrous year. We forecast EPS falling by 14% to 15.5p, and now forecast that the dividend will be cut by one-third to 8p, a move that would save £34m cash and rebase the dividend to 1.9x cover. While we don't think the balance sheet is in such a state that Premier needs to make such a move, they might as well just cut it now rather than face another year of speculation about cutting the dividend. NH: A desperate need for more clarity: We no longer feel confident that we know what is going on within Premier. While Premier maintains that it has achieved price rises in cakes, Mr Kipling's permanent multi-buy offer of 2 packs for £2 is still in place. In bread, Hovis's market share has become more volatile, a factor behind the decision to reopen some of the lines at Bradford, but we worry that volumes have weakened further since Christmas. NH: We also hope that Premier's stretched balance sheet has not constrained it from buying forward its wheat requirement given rampant wheat futures prices (March futures have touched $20/bushel in recent days, quadruple the price last summer). Forecasts cut. We are cutting our 2008E EPS by 11% from 20.1p to 17.8p and our 2009E forecast by 15% from 24.4p to 20.6p on the assumption of lower margins in Cakes (falling from 10% to 8%) and only a marginal recovery in profitability in bread bakeries. NH: Recommendation: We forecast net debt/EBITDA of 4.2x for 2008E, against an estimated banking covenant of 5.0x, so on the face of it Premier still has room to manoeuvre. This has been a key premise of our Buy recommendation, but given the lack of visibility and stretched balance sheet, we cut our recommendation to Hold with a 100p (275p) price target, equal to 6.5x EV/EBITDA for 2008E. PM: thansk for that PM: and while we are on the subject of wheat PM: I just want to post our piece on wheat from this morning's paper PM: was written by our commodities corr Javier Blas PM: Prices of top-quality wheat jumped 25 per cent to a record high on Monday in their largest one-day increase as Kazakhstan, one of the largest grain exporters, said it would impose export tariffs to curb sales. The move, which follows similar export restrictions in Russia and Argentina, is likely to put further pressure on already tight global wheat supplies, analysts said. Akhmetzhan Yesimov, Kazakhstan's minister of agriculture, said the government wanted to limit exports as it battled against rising domestic inflation of nearly 20 per cent. Mr Yesimov said: "Whatever happens, we will soon limit exports." Food prices have been rising steadily in the past few months and the effects are being felt globally. Our multimedia feature explores the factors that contribute to food price inflation Kazakh grain, prized for its high protein and gluten content, is similar to some of the scarce top-quality North American crops that jumped in price on Monday. Spring wheat at the Minneapolis Grain Exchange surged an unprecedented $4.75 to a record high of $24 a bushel as consumers scrambled to secure supplies and speculators poured fresh money into the agriculture market. The price of spring wheat, used to bake bread, has more than doubled since January and has risen fourfold in the last year, contributing to a rise in global food inflation. Gavin Maguire, of Iowa Grain in Chicago, said consumers such as mills and bakers, who needed wheat, were "panicking". He said: "Historical references are useless. We are breaking all the rules." Iraq and Turkey said they were planning substantial wheat purchases to replenish inventories and analysts said China could be forced to follow because of drought damage to its next crop. Global suppliesare scarce after extreme weather damaged the crops in Australia, Canada and the European Union. As a result, the US is experiencing record demand and its inventories are set to drop to the lowest for 60 years. NH: interesting piece NH: but some brokers - ones that have buy recommendation on Premier - say the negativity is overdone NH: they say the 25% rise was in one contract, which was coming up to expiry in the US NH: and therefore does not reflect the picture in the UK NH: futhermore, they contend that Premier has significant forward cover in place PM: Yeah right PM: "The market price is wrong" NH: and that in the past year they have been successful in pushing through prices rises NH: and anyone who has paid 130p for a loaf of bread can testify to that PM: Sam has just owned up to paying 250p in Borough markets NH: What, for a loaf of bread 27 Feb 08 |
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