Market Type: (New-Crop 2022-2023) 9 (Most Bullish) Trends (July 2022 futures contract) Secondary (intermediate-term): Up July 2022 has not established a reversal pattern on its weekly chart, though could be getting close. Fundamentals Bullish The July 2022-September 2022 futures spread [...]

Market Type (Old-crop December 2021): Type 2 (Bullish) Trends (Dec 2021 futures contract) Secondary (intermediate-term): Up This is a tough call, but I'll go with an uptrend for now based on the bullish 2-week reversal from the week of July [...]

Market Type: (New-Crop 2022-2023) 9 (Most Bullish Trends (July 2022 futures contract) Secondary (intermediate-term): Up July 2022 has posted a new contract high of $7.10 this week. However, it also left a price gap between last week's high of $6.8350 [...]

I will be breaking up Weekly Wheat Analysis, looking first at HRW since harvest is already rolling in far southern Texas and expected to quickly head north. July Kansas City Trend Minor: Down The contract extended its short-term downtrend to [...]

Kansas City HRW Wheat (July) Secondary Trend: Down Futures Spreads: NeutralMarket Type: 2, Bearish Analysis: July Kansas City wheat established a bearish 2-week reversal pattern on its weekly chart, indicating its secondary trend has turned down. Sales of both the [...]

Kansas City HRW Wheat (New-Crop) Market Type: 8, Bullish Secondary Trend: Up Futures Spreads: Neutral. Basis: Bullish. Next week: July Kansas City could see renewed buying interest after posting a new contract high of $6.8325 last Friday. However, the market [...]

Cash HRW Wheat: National HRW Wheat Price Index (HWPI) Weekly Close: $5.3603, down 17.22 cents Basis: Bullish. Calculated at 32.21 cents under May Kansas City futures, down .04 cent for the week. Secondary Trend: Down Analysis: The HWPI extended its [...]

Cash HRW Wheat: National HRW Wheat Price Index (HWPI) Weekly Close: $5.5325, down 17.45 cents Basis: Bullish. Calculated at 32.25 cents under May Kansas City futures, 0.54 cent stronger than the previous week. Secondary Trend: Down Analysis: The HWPI extended [...]

Cash HRW Wheat: National HRW Wheat Price Index (HWPI) Weekly Close: $5.7070, down 22.41 cents Basis: Bullish. Calculated at 32.79 cents under May Kansas City futures, 0.34 cent stronger than the previous week. Secondary Trend: Down Analysis: The HWPI posted [...]

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 [...]

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 [...]

Wheat (HRW, SRW, and HRS): Secondary Trend: Up Noncommercial Futures Position (as of 01/12/21): All Wheat Net-long 104,715 contracts, a decrease of 1,230 contracts from the previous week. Basis: HRW = Bullish, SRW and HRS = Neutral Futures Spreads: SRW [...]

Wheat (HRW, SRW, and HRS): Secondary Trend: Up* Noncommercial Futures Position (as of 01/05/21): All Wheat Net-long 105,945, an increase of 11,432 contracts from the previous week. Basis: HRW = Bullish, SRW and HRS = Neutral Futures Spreads: SRW = [...]

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 [...]

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 [...]

National HRW Wheat Price Index (HWPI) Weekly Close: $5.37, up $0.12. Secondary Trend: Up. Basis: Bullish. Market Type: 9 = Most Bullish. Price Distribution: Upper 9% = Bearish. Target: Major = $5.66. Analysis: The HWPI extended its secondary uptrend to [...]

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 [...]

National HRW Wheat Price Index (HWPI) Weekly Close: $4.4115, down $0.2889. Secondary Trend: Up. Basis: Bullish. Market Type: 9 = Most Bullish. Price Distribution: Upper 39% = Neutral. Target: Minor = $4.38 to $4.27. Analysis:The HWPI moved into a minor [...]

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 [...]

National HRW Wheat Price Index (HWPI) closed at $4.17 3/4, up 20 1/2 cents for the week. Trends: Secondary = Up. Targets: Secondary = $4.18 1/2 to $4.29 3/4. Analysis: The HWPI could confirm its move to a secondary uptrend [...]

National HRW Wheat Price Index (HWPI) closed at $3.97 1/4, up 10 cents for the week. Trends:Secondary = Sideways. Targets: Secondary = $4.18 1/2 to $4.29 3/4. Analysis: The HWPI posted an inside range last week, holding above its recent [...]

National HRW Wheat Price Index (HWPI) closed at $4.13 1/4, down 7 cents for the week. Trends: Secondary = Up. Targets: Minor = $4.11 1/2 to $4.06, with a possible extension to $3.98 1/4. Secondary = $4.33 1/4 to $4.44. [...]

National HRW Wheat Price Index (HWPI) closed at $4.19 3/4, down 2 3/4 cents for the week. Trends: Minor = Down. Secondary = Up. Targets: Minor = $4.11 1/2 to $4.06, with a possible extension to $3.98 1/4. Secondary = [...]

National HRW Wheat Price Index (HWPI) closed at $4.22 1/2, up 19 3/4 cents for the week. Trends: Secondary = Up. Minor = Down. Targets: Secondary = $4.22 3/4 to $4.44. Minor = $4.17 to $4.06. Analysis: The HWPI built [...]

National HRW Wheat Price Index (HWPI) closed at $3.94, down 5 1/2 cents for the week. Trends: Secondary = Down. Targets: Secondary = Support is at the previous secondary low of $3.85 1/2. Analysis: With cash HRW wheat looking to [...]

National HRW Wheat Price Index (HWPI) closed at $3.99 1/4, down 18 3/4 cents for the week. Trends: Minor = Down, but sharply oversold. Secondary = Down. Targets: Secondary = Support is at the previous secondary low of $3.85 1/2. [...]

National HRW Wheat Price Index (HWPI) closed at $4.31 1/2, down 8 cents for the week. Trends: Minor = Up, Secondary = Sideways, Major = Up. Conclusion: The key to the HWPI could be activity early this coming week. If [...]

Cash HRW Wheat: The cmdty National HRW Wheat Price Index (HWPI) closed at $4.39 1/2, up 27 3/4 cents for the week. I’m at a loss to classify the HWPI secondary trend given all the recent mixed signals. For now, [...]

Cash HRW Wheat: The cmdty National HRW Wheat Price Index (HWPI) closed at $4.11 3/4, down 7 3/4 cents for the week. The HWPI still looks to be in a secondary downtrend, posting a new 4-week low of $4.07 last [...]

Cash HRW Wheat: The cmdty National HRW Wheat Price Index (HWPI) closed at $4.47 1/2, down 3 cents for the week. The HWPI continues to consolidate between support at its 4-week low near $4.31 1/4 and resistance at the 4-week [...]

Cash HRW Wheat: The cmdty National HRW Wheat Price Index (HWPI) closed at $4.44 3/4, down 4 cents for the week. Last week’s price action looks to be a bearish spike reversal after the HWPI failed to take out resistance [...]

Cash HRW Wheat: The cmdty National HRW Wheat Price Index (HWPI) closed at $4.49, down 12 1/2 cents for the week. The HWPI has given a number of false secondary signals of late, so I’m going to call its secondary [...]

Cash HRW Wheat: The cmdty National HRW Wheat Price Index (HWPI) closed at $4.61 1/2, down 19 1/2 cents for the week. Despite last week’s strong gain the minor trend still looks to be down. The recent rally looks to [...]

Cash HRW Wheat: The cmdty National HRW Wheat Price Index (HWPI) closed at $4.42, down 17 1/2 cents for the week. It could still be argued the secondary trend of the HWPI is down, with the previous week’s move beyond [...]

Cash HRW Wheat: The cmdty National HRW Wheat Price Index (HWPI) closed at $4.59 1/2, up 19 1/4 cents for the week. The HWPI is an interesting collection of trends this weekend. The minor (short term) trend rolled over into [...]

Cash HRW Wheat: The cmdty National HRW Wheat Price Index (HWPI) closed at $4.40 1/4, up 37 1/4 cents for the week. After extending its secondary (intermediate term) downtrend to a low of $3.85 1/2 last week, the HWPI posted [...]

Cash HRW Wheat: The cmdty National HRW Wheat Price Index (HWPI) closed at $4.03, down 15 cents for the week. The HWWI extended its secondary (intermediate term) downtrend to a low of $3.95 1/2 last week. With weekly stochastics still [...]

Cash HRW Wheat: The cmdty National HRW Wheat Price Index (HWWI) closed at $4.18, down 3/4 cents for the week. The HWWI remains in a secondary (intermediate term) downtrend with a downside price target area between $4.07 ½ and $3.91 [...]

Cash HRW Wheat: The cmdty National HRW Wheat Price Index (HWWI) closed at $4.19 1/2, down 20 3/4 cents for the week. The HWWI extended its secondary (intermediate term) downtrend to a low of $4.06 1/2, a test of the [...]

Cash HRW Wheat: The cmdty National HRW Wheat Price Index (HWWI) closed at $4.39 1/2, down 3 cents for the week. The HWWI remains in a secondary (intermediate term) downtrend with an initial downside target near $4.23. This price marks [...]

Cash HRW Wheat: The cmdty National HRW Wheat Price Index (HWWI) closed at $4.36 3/4, down 5 cents for the week. The HWWI remains in a secondary (intermediate term) downtrend with an initial downside target near $4.23. This price marks [...]

Cash HRW Wheat: The cmdty National HRW Wheat Price Index (HWWI) closed at $4.41 1/2, up 2 cents for the week. Despite the higher weekly close, the HWWI remains in a secondary (intermediate term) downtrend with an initial downside target [...]

Cash HRW Wheat: The cmdty National HRW Wheat Price Index (HRWI) closed at $4.39 1/2, down 18 1/4 cents for the week. The HRWI extended its recently established secondary (intermediate term) downtrend to a low of $4.37 last week. The [...]

Cash HRW Wheat: The cmdty National HRW Wheat Price Index (HRWI) closed at $4.57 3/4, down 5 1/2 cents for the week. The HRWI confirmed a secondary (intermediate term) top last week, posting a new high of $4.74 before closing [...]

Cash HRW Wheat: The cmdty National HRW Wheat Price Index (HRWI) closed at $4.63, unchanged for the week. The HRWI continues to indicate a potential secondary (intermediate term) top, closing unchanged after posting a new high for this move of [...]

Cash HRW Wheat: The cmdty National HRW Wheat Price Index (HRWI) closed at $4.63, up 20 1/4 cents for the week. The HRWI reversed again last week, putting itself in position to erase the previous week’s bearish spike reversal. The [...]

Cash HRW Wheat: The cmdty National HRW Wheat Price Index (HRWI) closed at $4.42 3/4, down 6 1/4 cents for the week. The HRWI looks to have finished its previous secondary (intermediate term) uptrend and moved to a new secondary [...]

Cash HRW Wheat: The cmdty National HRW Wheat Price Index (HRWI) closed at $4.49, up 17 3/4 cents for the week. The HRWI extended its secondary (intermediate term) uptrend to a new high of $4.50 3/4 last week, just short [...]

Cash HRW Wheat: The cmdty National HRW Wheat Price Index (HRWI) closed at $4.09 1/4, up 12 1/4 cents for the week. The weekly HRWI bar chart shows a bullish outside range last week, including a new 4-week high of [...]

Cash HRW Wheat: The cmdty National HRW Wheat Price Index (HRWI) closed at $3.97, down 12 3/4 cents for the week. While the HRWI remains in a secondary (intermediate term) 5-wave uptrend, last week’s activity indicates the market is moving [...]

Cash HRW Wheat: The cmdty National HRW Wheat Price Index (HRWI) closed at $4.09 3/4, up 16 3/4 cents for the week. The HRWI extended its secondary (intermediate-term) uptrend to a new high of $4.10 last week. The initial upside [...]

Cash HRW Wheat: The cmdty National HRW Wheat Price Index (HRWI) closed at $3.93 1/4, up 7 1/2 cents for the week. While it could still be argued the previous week saw the HRWI post a secondary bearish key reversal, [...]

Cash HRW Wheat: The cmdty National HRW Wheat Price Index (HRWI) closed at $3.85 1/2, down 3 cents for the week. After posted a new high for this move of $4.05 3/4 the HRWI fell below the previous week’s low [...]

Cash HRW Wheat: The cmdty National HRW Wheat Price Index (HRWI) closed at $3.88 1/2, down 6 1/2 cents for the week. While HRWI remains in a secondary (intermediate term) uptrend, the minor (short term) trend has turned down on [...]

Cash HRW Wheat: The cmdty National HRW Wheat Price Index (HRWI) closed at $3.95, up 5 cents for the week. The HRWI remains in a secondary (intermediate term) uptrend, rallying last week off a test of support near $3.77 1/4. [...]

Cash HRW Wheat: The cmdty National HRW Wheat Price Index (HRWI) closed at $3.89 3/4, down 10 cents for the week. Despite its lower weekly close the HRWI remains in a secondary (intermediate term) uptrend, posting a neutral inside week [...]

Cash HRW Wheat: The cmdty National HRW Wheat Price Index (HRWI) closed at $3.99 3/4, up 15 1/4 cents for the week. The HRWI extended its secondary (intermediate term) uptrend to a new 4-week high of $3.99 3/4 last week [...]

Cash HRW Wheat: The cmdty National HRW Wheat Price Index (HRWI) closed at $3.84 3/4, up 15 3/4 cents for the week. The HRWI remains in a secondary (intermediate term) uptrend, posting a bullish outside weekly range last week. This [...]

Cash HRW Wheat: The cmdty National HRW Wheat Price Index (HRWI) closed at $3.69, down 2 1/2 cents for the week. The HRWI remains in a secondary (intermediate-term) 5-wave uptrend while its minor (short-term) trend is down. The minor trend [...]

Cash HRW Wheat: The cmdty National HRW Wheat Price Index (HRWI) closed at $3.71 3/4, up 8 1/2 cents for the week. The HRWI confirmed the recent move to a secondary (intermediate-term) uptrend last week, posting a new 4-week high [...]

Cash HRW Wheat: The cmdty National HRW Wheat Price Index (HRWI) closed at $3.63 1/4, up 8 cents for the week. Though there has been no conclusive confirmation of a new secondary (intermediate-term) uptrend, the HRWI continues to lean that [...]

Cash HRW Wheat: The cmdty National HRW Wheat Price Index (HRWI) closed at $3.55 1/4, down 2 1/4 cents for the week. Despite its lower weekly close, the rally off its new low of $3.40 1/2 was enough to establish [...]

Cash HRW Wheat: The cmdty National HRW Wheat Price Index (HRWI) closed at $3.57 1/2, down 9 1/4 cents for the week. The HRWI remains in a strong seasonal downtrend on its weekly close-only chart. However, this past week saw [...]

Cash HRW Wheat: The cmdty National HRW Wheat Price Index (HRWI) closed at $3.66 3/4, down 6 1/2 cents for the week. The HRWI remains in a strong seasonal downtrend on its weekly close-only chart as it posted another 4-week [...]

Cash HRW Wheat: The cmdty National HRW Wheat Price Index (HRWI) closed at $3.70 1/4, down 23 1/4 cents for the week. The HRWI remains in a strong seasonal downtrend on its weekly close-only chart as it posted another 4-week [...]

Cash HRW Wheat: The cmdty National HRW Wheat Price Index (HRWI) closed at $3.93 1/4, down 5 3/4 cents for the week. The HRWI remains in a strong seasonal downtrend on its weekly close-only chart as it posted another 4-week [...]

Cash HRW Wheat: The cmdty National HRW Wheat Price Index (HRWI) closed at $3.99, down 7 1/4 cents for the week. The HRWI remains in a strong seasonal downtrend on its weekly close-only chart as it posted another 4-week low [...]

Cash HRW Wheat: The cmdty National HRW Wheat Price Index (HRWI) closed at $4.06 1/4, down 8 1/4 cents for the week. The HRWI looks to be in a strong seasonal downtrend on its weekly close-only chart as it closed [...]

Cash HRW Wheat: The cmdty National HRW Wheat Price Index (HRWI) closed at $4.14 1/2, down 25 1/4 cents for the week. Despite last week’s lower close the HRWI remains in a secondary (intermediate-term) uptrend. If the HRWI continues to [...]

Cash HRW Wheat: The cmdty National HRW Wheat Price Index (HRWI) closed at $4.39 3/4, up 27 1/4 cents for the week. The HRWI remains in a secondary (intermediate-term) uptrend. The minor (short-term) trend is also up (see chart). Minor [...]

Cash HRW Wheat: The cmdty National HRW Wheat Price Index (HRWI) closed at $4.12 1/2, down 20 3/4 cents for the week. The HRWI continues to indicate a secondary (intermediate-term) uptrend in place. The recent minor (short-term) downtrend resulted in [...]

Cash HRW Wheat: The cmdty National HRW Wheat Price Index (HRWI) closed at $4.33 3/4, up 3/4 cent for the week. The HRWI consolidated once again, holding near steady as national average basis firmed by about 2 cents. Seasonally, basis [...]

Cash HRW Wheat: The cmdty National HRW Wheat Price Index (HRWI) closed at $4.22 1/4, down 23 1/4 cents for the week. The HRWI consolidated again last week, only this time with a lower weekly close. This could lead to [...]

Cash HRW Wheat: The cmdty National HRW Wheat Price Index (HRWI) closed at $4.55 1/2, up 28 1/4 cents for the week. The HRWI consolidated last week, the most recent technical signal still the bearish secondary (intermediate-term) key reversal from [...]

Cash HRW Wheat: The cmdty National HRW Wheat Price Index (HRWI) closed at $4.27 1/4, down 24 1/2 cents for the week. The HRWI posted a bearish outside range last week, establishing what could be a bearish secondary key reversal. [...]

Cash HRW Wheat: The cmdty National HRW Wheat Price Index (HRWI) closed at $4.51 3/4, up 32 1/2 cents for the week. The HRWI extended its secondary (intermediate-term) uptrend to a new high of $4.67 1/4 last week. This was [...]

Cash HRW Wheat: The cmdty National HRW Wheat Price Index (HRWI) closed at $4.19 1/4, up 20 3/4 cents for the week. The HRWI extended its secondary (intermediate-term) uptrend last week, posting a new 4-week high of $4.31 1/4 before [...]

Cash HRW Wheat: The cmdty National HRW Wheat Price Index (HRWI) closed at $3.98 1/2, up 34 1/4 cents for the week. The HRWI quickly confirmed previous signals of a secondary (intermediate-term) uptrend last week as it held its previous [...]

Cash HRW Wheat: The cmdty National HRW Wheat Price Index (HRWI) closed at $3.78, up 3/4 cents for the week. Last week saw the HRWI fall to a new low of $3.61 1/2 before rallying to close higher. This created [...]

Cash HRW Wheat: The cmdty National HRW Wheat Price Index (HRWI) closed at $3.77 1/4, down 19 3/4 cents for the week. The HRWI fell to a new low for this downtrend, testing major (long-term) support on its monthly chart [...]

Cash HRW Wheat: The cmdty National HRW Wheat Price Index (HRWI) closed at $3.97 1/2, down 14 cents for the week. Despite its lower weekly close the HRWI still looks to be in a secondary (intermediate-term) 5-wave uptrend, though in [...]

Cash HRW Wheat: The cmdty National HRW Wheat Index (HRWI) closed at $4.11 1/2, up 5 cents for the week. The HRWI still looks to be in a new secondary (intermediate-term) 5-wave uptrend though in a Wave 2 sell-off. Last [...]

Cash SRW Wheat: The cmdty National SRW Wheat Price Index (SRPI) closed at $4.40, up 9 1/2 cents for the week. The SRPI still looks to be in a secondary (intermediate-term) 5-wave uptrend, posting a new 4-week high last week [...]

Cash SRW Wheat: The cmdty National SRW Wheat Price Index (SRPI) closed at $4.30 1/2, down 7 1/4 cents for the week. While it could still be argued the SRPI is in a secondary (intermediate-term) 5-wave uptrend, last week saw [...]

Cash SRW Wheat: The cmdty National SRW Wheat Index (SRI) closed at $4.37 3/4, up 4 cents for the week. Cash SRW still looks to be moving into a secondary (intermediate-term) uptrend, though still has not established confirmation. Resistance at [...]

Cash SRW Wheat: The cmdty National SRW Wheat Index (SRI) closed at $4.33 3/4, up 21 1/2 cents for the week. The previous secondary (intermediate-term) downtrend looks to have bottomed, with cash SRW wheat moving into a new secondary uptrend. [...]

Cash SRW Wheat: The cmdty National SRW Wheat Index (SRI) closed at $4.27 1/2, down 32 1/2 cents for the week. The SRI extended its secondary (intermediate-term) 3-wave downtrend to a new low of $4.17 3/4 last week, a test [...]

Cash SRW Wheat: The cmdty National SRW Wheat Index (SRI) closed at $4.60, down 17 1/2 cents for the week. The SRI extended its secondary (intermediate-term) downtrend to a new 4-week low of $4.49 last week. This was a test [...]

Cash SRW Wheat: The cmdty National SRW Wheat Index (SRI) closed at $4.77 1/2, down 11 1/4 cents for the week. The SRI extended its secondary (intermediate-term) downtrend to a new 4-week low of $4.72 1/2 last week. If the [...]

Cash SRW Wheat: The Barchart National SRW Wheat Index (BSRI) closed at $4.98 3/4, up 1 1/4 cents for the week. The secondary (intermediate-term) trend for the BRSI looks to be sideways with initial resistance at the 4-week high of [...]

Cash SRW Wheat: The National SRW Wheat Index (SRI) closed at $4.97 1/2, up 2 3/4 cents for the week. Despite its higher weekly close I continue to view cash SRW wheat in a secondary (intermediate-term) downtrend that began the [...]