Thursday saw the March-May Kansas City (HRW) wheat futures spread close at an inverse/backwardation of 1.0 cent.As I’ve said in the past, when it comes to a storable commodity, an inverse/backwardation is always bullish.However, there is also something I call the Vodka Vacuity that says there are no Absoluts in markets, including an inverse always being fundamentally bullish.Wheat and vodka. The latter can be made of the former, or anything that ferments. Both have ties to Russia and Eastern Europe in general. Both can make you regret getting involved with them. If you go to a liquor store you…