10yr Corn outlook: 1 thought (of many) on the potential course of the corn market for the next 10 years. I feel the job of the current market is to find a price high enough to ration future demand. Could be current price, 8.50, or 9.50. The potential is there for any of those numbers to mark a major swing high for Corn. The higher that mark is nearby, the...
10yr Corn outlook: Potential course of the Bean market for the next 10 years. Previous inflationary markets have caused for the multi year market structure to step up in price ranges. Before that range is found, Beans will need to mark a pivot high enough to ration some future demand. The low found after a major high is made, could mark an area for the future...
Corn Fundamentals ( CBOT:ZCZ2023 ) Corn Harvest Progress 🚜➡️🌽 ▓▓▓▓▓▓▓▓▓░░░░░░ 59% Export Inspections 🚢➡️🌎 437,549 Metric Tons ⬇️ 29,055 Metric Tons week vs. last week ⬇️ 22,514 Metric Tons this week vs. this week last year ⬇️ 370,24 Metric Tons this week vs. 5-year average Export Sales 16,176,285 Metric Tons (Cumulative, Current Marketing Year) ⬆️...
Overextended Market -Price created many RBR in a row which gave us the ability to draw aggressive upward ML. -Market overextended and potentially elastic band effect. -Price broke aggressive ML -Price removed 2 opposing RBR demand Am not too sure about a HTF (W or D) but I still nice little RBD that could also be used as a HTF
After a minor consolidation phase in which the price of cocoa stagnated just below the pink trend line, the next step of the magenta wave (5) was completed: a clear breakout above this line. We now expect a larger upward expansion until the magenta five-wave move and thus the superior white wave (B) is completed. After this top, the price should go down again -...
As you can see, this increase is temporary in nature because the overall trend is still in a downtrend. So, my expectation for now is that soy prices will climb until they reach the daily resistance zone around 53.50 (as indicated by the red box drawn). It is anticipated that the price will experience a decline upon reaching this level because this zone can be...
👋 Good day, traders! 📈 After a two-month decline on the D1 chart, WHEATF has found support at the 540 level. Given its month-long accumulation phase and the completion of its downtrend, a breakout above the 587.75 resistance level could signal a rally towards target levels of 615.00, 660.00, 695.00, and 732.00. Consider buying entries around the 595.00-600.00...
This Fib layout consists of the most important agricultural commodities. Beef, Pork, Soybean, Corn, Wheat, Rice, and Orange Juice Futures. -Orange Juice is sold as a frozen concentrate which makes it a commodity. Each Schematic is worked through by Large Institutions on behalf of the Fed. Market Manipulation through inflation and destroying meat processing...
Coffee, Sugar, Cocoa, and all 5 milk futures are listed in this layout. People buy a lot of coffee and milk which is why this chart is of importance. The Sugar, Coffee, and Cocoa are obviously used to make the caffeinated drink.
In this layout I have Black Sea Wheat and Corn, Australian and Ukrainian Wheat, and 4 main Fertilizer (UREA) Futures. Conflict and Wars are good ways for Financial Institutions like Black Rock and State Street Corp oration to make a lot of money. What better way than to destroy the wheat fields/silos themselves and profit at the same time? These markets are...
The sugar price has now reached the upper border of the pink trend channel. It should now break through this line, as it should continue to rise significantly with the yellow wave b. We expect the high to be in the green target zone between USX 28.72 and USX 30.84, which will then allow for new declines.
The November soybean contract tested 1300 per bushel on Tuesday, trading all the way up to 1303 ½, before ultimately settling at 1296 ¾. The question is now - where do we go from here? Psychologically Significant Resistance Failing to close above 1300 means we failed to close above a psychologically significant resistance level at 1300. Moreover, we’ve...
See picture above for top-down analysis but I'm personally bullish with HTF correlation + LTF.
wheat tends to consolidate in huge price zones before next moves
Wheat futures have broken out of a falling wedge pattern on positive divergence. The price broke out of the wedge to the upside, then it back-tested the wedge from above, and proceeded to move up aggressively today. This is an objective buy signal. The most common investment vehicle for this trade is WEAT, an ETN backed by wheat futures.
Weather has always been a key factor influencing the outlook for major commodities, especially agricultural commodities. The arrival of El Niño in June 2023 has led to a wide divergence in the performance across agricultural commodities. As discussed in our previous blog “What does El Niño’s return mean for commodities?”, the effects of El Niño include specific...
Hello,Traders! WHEAT is retesting a broken Key horizontal level of 580'0 Which is now a resistance And as wheat is in the Local downtrend I am Bearish biased so I will Be expecting a move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
I write this as I listen to Tchaikovsky's Violin Concerto in D Major on the excellent Shen Yun Zuopin platform. It seemed quite fitting for watching the world burn. When you hear propaganda on English social media on a Saturday night that a group of mercenaries are raiding Moscow to overthrow Putin, you absolutely must take what you are hearing and seeing with an...