Sure, it is winter in the northern hemisphere so why even bother with the grains at all? ... ... Because cheap Ukrainian wheat had absolutely flooded European markets, so much so that very soon they will have to start dumping some of it into the ocean! (Right now, they are trying to air out these mountains of grain, so it wouldn't mold, but that will go only so...
July Wheat futures is testing support at the Yearly s1 pivot points.
Wheat is getting cheapering although it should go up in price because there's less of it on the market. Prices in the stores are going up How this happens, who can explain to me. if you like the idea, please "Like" it. This is the best "Thanks!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments....
WHEAT is on accumulation mode at the moment. The prospect for a big price shift is very high from a weekly perspective. A revisit to 1k levels is possible within the year. SEEDED L at 674.0 TAYOR.
As shipping cost drops we see that corn , wheat , cotton are dropping fast. This is a disinflational signal OR a big recession signal. We will see what is going to happen after today's NFP and unemployment numbers. Corn is at a good support point. It may rise again if we see NFP is lower than expected or an increase in the unemployment numbers. Disclaimer –...
Wheat is in a very strong uptrend... Targets 1.650 ... 2.150... 2.400
Here are few points i am looking for long entry 1. Down trend finished 2. Price bouncing off a strong level 708-711 3. Pole starting point showing us strong momentum 4. Good Risk and reward trade 5.Keep im mind todays are US holiday keep an eye for weak break out / fake out potential 6.Strong break out bar AS required !!
Wheat price decline stopped around 740.00 areas, to start rising and hint heading to achieve expected gains in the upcoming sessions, on its way to visit 778.10 mainly. Therefore, the bullish bias will be suggested for today, and breaching 758.50 will ease the mission of achieving the mentioned target, while breaking 745.00 will stop the expected rise and press...
Wheat future showing a similar pattern previous 1982,1998 and 2008 crashes. That is pure data analysis, without taking the fundamentals in account. The 730 support level as from now is therefore highly important.
After a 3drive in the daily TF and reaching the origin of the upward movement, there is an expectation of a rise to the $914 zone. Before that, $883 will appear as an important resistance. So don't forget position management...
In 2022, we saw a peak in WHEAT prices of $ 1363. Our priority scenario is to continue to grow, while in the most active phase, wheat prices can soar to new highs. Perhaps 2023 will be difficult in terms of the harvest. A price drop below $760.0 will change our view.
Wheat got nuked in late May, as it re-tested the high. It did a full retrace, -36%. Impressive even for meme stocks let alone one of the most precious commodities on the planet. Wheat has spent Jul and Aug in the area of intense demand, which just happens to be around EMA(100) , from what I can see everyone is waiting for first harvest numbers to start sending...
Futures for Black Sea Wheat are clearly on the downside due to fundamental reasons. Finally, Ukrainian Wheat is transported by ships and also from the Baltic Sea through Poland, Lithuania and Latvia. It is relief for many reasons like global hunger, stabilization of basic food prices etc. Emotion are playing a role here and market is on the optimistic side.
About FUNDAMENTAL ANALYSIS . ---We are now in the corn-demand zone and there are many factors supporting the buying. 1-The Ukrainian war. 2- - dehydration. 3-The rise in the price of oil will lead to a rise in the price of transportation. About TECHNICAL ANALYSIS --- we look at (" Sell VOLUME ") and ("Sell pressure") is in decreasing , Volume drives all...
Precipitation in the EU and the USA and the possible unblocking of Ukrainian ports increase the pressure on wheat prices Against the background of technical purchases, wheat futures on world exchanges rose yesterday: by 0.9% or $2.66/t to $301.1/t – September futures for soft winter SRW wheat in Chicago, by 0.1% or $0.46/t to $319.9/t – September HRW hard winter...
CBOT:ZW1! On June 15th, I issued an options trading strategy on CBOT Wheat Futures. At the time, I expected wheat price to experience a very large move but was unsure of its direction. Consequently, I recommended a Long Strangle options strategy : Purchase both an out-of-money (OTM) call and an OTM put on September Wheat Futures. The original trading idea may...
Will wheat be indifferent to the federal interest hike ? maybe , price is in Neutral triangle and is ready to fly again