~~~~The BIG REPORT just released less than an hour ago, about wheat.~~~~
All wheat planted area for 2017 is estimated at 46.1 million acres, down 8 percent from 2016. This represents the lowest total planted area for the United States since records began in 1919. The 2017 winter wheat plantedarea, at 32.7 million acres, is down 9 percent from last year but up 1 percent from the previous estimate. Of this total, about 23.8 million acresare Hard Red Winter, 5.53 million acres are Soft Red Winter, and 3.38 million acres are White Winter. Area planted to other spring wheat for 2017 is estimated at 11.3 million acres, down 3 percent from 2016. Of this total,about 10.6 million acres are Hard Red Spring wheat. The intended Durumplanted area for 2017 is estimated at 2.00 million acres, down 17 percent from the previous year.
The Fork 'predicted' it ~!~ YaY~!~
Tr8dingN3rd
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Holy Guaquamoly hahahaa...
Now I am very curious how it will move in the next weeks.
Thanks very much for the information and have a relaxing weekend Bo!
Bo
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This looks extremely sweet. Today, Friday, there is a HUGE important grain report from USDA that has been anxiously anticipated. It is expected to be very bearish, showing abundant supply. All grains have sold off before the release. Appears the context is ripe for a brisk snap back upwards. Looking forward to the proposed resolution you set forth. Just fascinating, thank you very much~!~
Bwo
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I understand your lines and really like them, I'm going to try and incorporate them into my stuff
if you don't mind
Tr8dingN3rd
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Hey Bwo, lines are free ;-)
Feel free to use what ever you can learn from my charts.
But be aware...it took me couple years to REALLY understand the Action/Reaction framework.
Give yourself time, try lot's of different variations and make some stats what works and what not.
I'm in the making of new course material and if you like what I do, send me a Mail at my site at tradingcoach.ch so I can keep you informed.
Cheers.
Bo
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@Forker, I am pleased that this wheat idea of yours gained over 30 additional views just in the last 5 hours since I referenced it on one of the futures trading sites that I visit. marketforum.com/?id=1339253
All wheat planted area for 2017 is estimated at 46.1 million acres, down 8 percent from 2016. This represents the lowest total planted area for the United States since records began in 1919. The 2017 winter wheat plantedarea, at 32.7 million acres, is down 9 percent from last year but up 1 percent from the previous estimate. Of this total, about 23.8 million acresare Hard Red Winter, 5.53 million acres are Soft Red Winter, and 3.38 million acres are White Winter. Area planted to other spring wheat for 2017 is estimated at 11.3 million acres, down 3 percent from 2016. Of this total,about 10.6 million acres are Hard Red Spring wheat. The intended Durumplanted area for 2017 is estimated at 2.00 million acres, down 17 percent from the previous year.
The Fork 'predicted' it ~!~ YaY~!~