Read news here , here and here .
It is bad enough when food inflation is rising in developed countries , worse if it happens in countries that are suffering from poverty and food shortage.
The inability to travel due to Covid-19 pandemic seems to exacerbate the situation as well as cargoes are held at customs and ports and more stringent measures needed...
I am a consultant for anyone who needs a consultant, I see that WHEAT Corp will GODOWN IN FEW MINUTES when the market open
1, When you decide to use my ideas in your trading, please contact me to inform you of some things and monitor the position together without specifying a take profit or stop loss, we will decide when to open and close the position
2 (When I...
We're already in the midst of record runs in the equity and commodity markets but as bubbly as it seems, its not over.
We are in an environment that not many people are familiar with. The last time Growth and Inflation on a global scale were accelerating as fast as they are now was immediately after World War 2. Previous commodity cycles were sparked by 1 or 2...
Any weather issues that cause supply shortages over the coming months could continue to have an explosive impact on prices, given the ever-rising addressable market for agricultural products. Aside from the weather, COVID-19 continues to pose unique challenges for farming and the supply chain. Over the coming months, weather conditions may be the most significant...
CBOT Wheat is range bouncing! WHAT NEXT?
My current view remained neutral with wheat being in a range of 632 - 670. However, wheat could develop a bullish move on Monday and early Tuesday due to USDA Supply and Demand report later Tuesday.
Wheat is overall bullish trading in this range, so we should be looking for Trend-Following Buy setups as it approaches...
Check my related idea. Daily cycles that fuelled the recent move top somewhere around the 22nd of January and the longer term cycle is down till late February. All upside price targets have been reached and it's time to take profit and consider short. To see real weakness wheat has to close below 650.
My Trading Strategy is scall the Setup. This is the Setup 1 entry method ... Just wanted to highlght the most recent setup formed on WHEAT Futures Contract. IT's now hit the Target level that I like to call TZ1.
I used to trade the Commodities Futures back in 2009 and made some good money. Don't know why I stopped? Perhaps the FOREX volatility had my attention...
Reading chart is always backwards and forward looking in a sense. There will always be (except IPO stocks) historical patterns on different time frame to give you ideas where the price is heading.
In this case, it is quite clear where the support and resistance is. Once you identified it, you can then map it across the longer time frame like Day and week to know...
CBOT