Weekly Analysis: Wheat

2021-02-15T14:23:41-06:00February 15th, 2021|Weekly Analysis, Wheat|

Cash HRW Wheat: National HRW Wheat Price Index (HWPI) Weekly Close: $5.8491, down 8.29 cents Basis: Bullish. Calculated at 31.8 cents under March Kansas City futures Secondary Trend: Sideways-to-down Analysis: The HWPI continues to look vulnerable to a move into [...]

Weekly Analysis: Wheat

2021-02-07T15:46:24-06:00February 7th, 2021|Weekly Analysis, Wheat|

Wheat (HRW, SRW, and HRS): Secondary (Intermediate-term) Trend: Sideways Noncommercial Futures Position (as of Tuesday, February 2): All wheat net-long 102,963 contracts, a decrease of 7,768 contracts from the previous week. Basis: HRW Bullish, HRS and SRW Neutral. Futures Spreads: [...]

Weekly Analysis: Wheat

2021-01-24T15:26:16-06:00January 24th, 2021|Weekly Analysis, Wheat|

Wheat (HRW, SRW, and HRS): Minor (Short-term) Trend: Down (as of Tuesday, January 22) Secondary (Intermediate-term) Trend: Sideways (as of Friday, January 22) Major (Long-term) Trend: Up Noncommercial Futures Position (as of 01/19/21): All wheat net-long 117,535 contracts, an increase [...]

Weekly Analysis: Wheat

2020-12-20T14:49:08-06:00December 20th, 2020|Weekly Analysis, Wheat|

Cash HRW Wheat: National HRW Wheat Price Index (HWPI) Weekly Close: $5.3436, down 12.44 cents Basis: Bullish. Calculated at 34.9 cents under March Kansas City futures Secondary Trend: Sideways Analysis: It’s possible the HWPI has established a double-top given the [...]

Weekly Analysis: Wheat

2020-12-13T14:21:22-06:00December 13th, 2020|Weekly Analysis, Wheat|

Cash HRW Wheat: National HRW Wheat Price Index (HWPI) Weekly Close: $5.4775, up 38.5 cents Basis: Bullish. Calculated at 34.5 cents under March Kansas City futures Secondary Trend: Up Analysis: The HWPI posted its highest weekly close since the week [...]

Weekly Analysis: Wheat

2020-11-15T14:31:13-06:00November 15th, 2020|Weekly Analysis, Wheat|

National HRW Wheat Price Index (HWPI) Weekly Close: $5.18, down $0.05. Secondary Trend: Sideways. Basis: Bullish. Market Type: 6 = Neutral-Bullish. Price Distribution: Upper 13% = Bearish. Target: None at this time. Analysis:The HWPI remains in a secondary sideways trend [...]

Weekly Analysis: Wheat

2020-11-08T14:08:53-06:00November 8th, 2020|Weekly Analysis, Wheat|

National HRW Wheat Price Index (HWPI) Weekly Close: $5.23, up $0.14. Secondary Trend: Sideways. Basis: Bullish. Market Type: 6 = Neutral-Bullish. Price Distribution: Upper 11% = Bearish. Target: None at this time. Analysis:I’m going to stick with the sideways trend, [...]

Weekly Analysis: Wheat

2020-11-01T15:34:08-06:00November 1st, 2020|Weekly Analysis, Wheat|

National HRW Wheat Price Index (HWPI) Weekly Close: $5.09, down $0.28. Secondary Trend: Sideways. Basis: Bullish. Market Type: 6 = Neutral-Bullish. Price Distribution: Upper 15% = Bearish. Target: None at this time. Analysis:I’m going to call the secondary trend sideways [...]

Weekly Analysis: Wheat

2020-10-18T13:02:39-05:00October 18th, 2020|Weekly Analysis, Wheat|

National HRW Wheat Price Index (HWPI) Weekly Close: $5.25, up $0.23. Secondary Trend: Up. Basis: Bullish. Market Type: 9 = Most Bullish. Price Distribution: Upper 16% = Bearish. Target: Major = $5.66. Analysis: The HWPI extended its secondary uptrend to [...]

Weekly Analysis: Wheat

2020-10-11T10:23:41-05:00October 11th, 2020|Weekly Analysis, Wheat|

National HRW Wheat Price Index (HWPI) Weekly Close: $5.02, up $0.24. Secondary Trend: Up. Basis: Bullish. Market Type: 9 = Most Bullish. Price Distribution: Upper 16% = Bearish. Target: Major = $5.66. Analysis: The HWPI left a price gap on [...]

Weekly Analysis: Wheat

2020-10-04T14:45:22-05:00October 4th, 2020|Weekly Analysis, Wheat|

National HRW Wheat Price Index (HWPI) Weekly Close: $4.7772, up $0.3657. Secondary Trend: Up. Basis: Bullish. Market Type: 9 = Most Bullish. Price Distribution: Upper 21% = Bearish. Target: None at this time. Analysis: The HWPI extended its secondary uptrend [...]

Weekly Analysis: Wheat

2020-09-20T12:10:28-05:00September 20th, 2020|Weekly Analysis, Wheat|

National HRW Wheat Price Index (HWPI) Weekly Close: $4.7004, up $0.3333. Secondary Trend: Up. Basis: Bullish. Market Type: 9 = Most Bullish. Price Distribution: Upper 25% = Bearish. Target: $4.7816. Analysis: The HWPI jumped last week with the weekly close [...]

Weekly Analysis: Wheat

2020-09-13T13:03:27-05:00September 13th, 2020|Weekly Analysis, Wheat|

National HRW Wheat Price Index (HWPI) Weekly Close: $4.3671, down $0.0054. Secondary Trend: Up. Basis: Bullish. Market Type: 9 = Most Bullish. Price Distribution: Upper 42% = Neutral. Target: $4.4125, then $4.7816. Analysis:The HWPI lost some of its bullish momentum [...]

Weekly Analysis: Wheat

2020-09-06T13:21:29-05:00September 6th, 2020|Weekly Analysis, Wheat|

National HRW Wheat Price Index (HWPI) Weekly Close: $4.3725, up $0.0182. Secondary Trend: Up. Basis: Bullish. Market Type: 9 = Most Bullish. Price Distribution: Upper 41% = Neutral. Target: Secondary = $4.4125. Analysis:The HWPI extended its secondary uptrend to a [...]

Weekly Analysis: Wheat

2020-08-30T11:50:34-05:00August 30th, 2020|Weekly Analysis, Wheat|

National HRW Wheat Price Index (HWPI) Weekly Close: $4.3543, up $0.1762. Secondary Trend: Up. Basis: Bullish. Market Type: 9 = Most Bullish. Price Distribution: Upper 43% = Neutral. Target: Secondary = $4.4125. Analysis:The HWPI confirmed its secondary uptrend this past [...]

Weekly Analysis: Wheat

2020-08-09T16:09:08-05:00August 9th, 2020|Weekly Analysis, Wheat|

Wheat Kansas City July 2021 closed $4.55, down 22 1/2 cents for the week. Trends: Secondary = Up. Targets: Minor = $4.80 to $4.76 1/2 with a possible extension to $4.71 1/4. Secondary = $4.93 1/4 to $5.02. Theoretical Position: Assuming there are no initial 2021 sales [...]

Weekly Analysis: Wheat

2020-07-26T11:59:56-05:00July 26th, 2020|Weekly Analysis, Wheat|

Wheat Kansas City July 2021 closed $4.84 1/4, up 1 cent for the week. Trends: Minor = Sideways-to-up. Secondary = Up. Targets: Secondary = $4.93 1/4 to $5.02. Theoretical Position: Assuming there are no initial 2021 sales on the books, [...]

Weekly Analysis: Wheat

2020-06-14T07:33:36-05:00June 14th, 2020|Weekly Analysis, Wheat|

National HRW Wheat Price Index (HWPI) closed at $4.18, down 13 1/2 cents for the week. Trends: Minor = Sideways, Secondary = Sideways, Major = Up. Conclusion: There are no clear trend signals in the HWPI. However, the seasonal tendency [...]

Weekly Analysis: Wheat

2019-09-28T11:21:53-05:00September 28th, 2019|Wheat|

Cash HRW Wheat: The cmdty National HRW Wheat Price Index (HRWI) closed at $3.71 1/2, up 1/4 cent for the week. The HRWI remains in a secondary (intermediate-term) 5-wave uptrend while its minor (short-term) trend looks to have turned down. [...]

Weekly Analysis: Wheat

2019-05-12T09:23:42-05:00May 12th, 2019|Weekly Analysis, Wheat|

Cash HRW Wheat: The cmdty National HRW Wheat Price Index (HRWI) closed at $3.64 1/4, down 13 3/4 cents for the week. While the HRWI held above the previous week’s low of $3.61 1/2, it looks to be in position [...]

Wheat

2019-01-20T13:11:50-06:00January 19th, 2019|Wheat|

Cash SRW Wheat: The National SRW Wheat Index (SRI) closed at $4.94 3/4, down 1/4 cent for the week. Cash SRW wheat remains an interesting study, still showing signs of a secondary (intermediate-term) downtrend that began the week of August [...]

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