Weekly Analysis: Wheat
Kansas City (HRW): New-Crop July Secondary (Intermediate-term) Trend: Down Seasonally the contract tends to trend down through the first weekly close of May Fundamentals: Bullish New-crop futures spreads (July 2022 [...]
Weekly Analysis: July Kansas City Wheat
New-corp July Kansas City (HRW) wheat extended its secondary (intermediate-term) downtrend to a low of $7.5125 last week. The initial downside target remains near $7.2750, a price marking the 38.2% [...]
Weekly Analysis: July KC Wheat
New-corp July Kansas City (HRW) wheat extended its secondary (intermediate-term) downtrend to a low of $7.5650 last week. The initial downside target remains near $7.2750. The minor (short-term) trend looks [...]
Weekly Analysis: July Chi Wheat
New-crop July Chicago (SRW) wheat extended its secondary (intermediate-term) downtrend last week, hitting a low of $7.3675 before rallying to close Friday at $7.57. However, the contract's daily chart confirmed [...]
Weekly Analysis: September MN Wheat
The secondary (intermediate-term) trend of the new-crop September Minneapolis (HRS) wheat contract remains down. The downside target range is between $8.2225 and $7.8275, prices that mark the 38.2% and 50% [...]
Weekly Analysis: HRW Wheat
Market Type: 3 (Less Bearish) Secondary Trend: Down (see chart on website) Looking at new-crop Kansas City (HRW), the July contract posted a new 4-week low weekly close last Friday [...]
Weekly Analysis: SRW Wheat
Market Type: 3 (Less Bullish) Secondary Trend: Up The cmdty National SRW Wheat Price Index (SWPI, weighted national average cash price), the intrinsic value of the market, is looking to [...]
Weekly Analysis: HRW Wheat
Market Type: 9 (Most Bullish) Secondary Trend: Up While the trend remains up, December Kansas City is incredibly overbought and vulnerable to continued selling noncommercial traders. Noncommercial traders reduced their [...]
Weekly Analysis: Minneapolis HRS Wheat
Market Type: 9 (Most Bullish) Secondary Trend: Up Noncommercial traders continue to add to their net-long futures positions. The latest report (legacy, futures only) showed this group holding 26,173 contracts, [...]
Weekly Analysis: July HRW Wheat
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 [...]
Weekly Analysis: SRW Wheat
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 [...]
Weekly Analysis: HRW Wheat
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 [...]
Weekly Analysis: HRW Wheat
Market Type: 1 (Most Bearish) Trends Major (long-term): Down Bearish spike reversal on monthly charts are end of May Secondary (intermediate-term): Down (3-wave pattern) The cmdty National HRW Wheat Price [...]
Weekly Analysis: September MW Wheat
Trends: The secondary trend remains down on the contract’s weekly chart, dating back to a bearish 2-week reversal the week of May 10. However, the contract has not posted a [...]
Weekly Analysis: HRW Wheat
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 [...]
Weekly Analysis: Wheat
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 [...]
Weekly Analysis: Wheat
Kansas City HRW Wheat (July) Secondary Trend: Up Futures Spreads: Weak Carry, Bullish Market Type: 9, Most Bullish Analysis: July Kansas City wheat extended its secondary uptrend to a new [...]
Weekly Analysis: Wheat
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 [...]
Weekly Analysis: Wheat
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 [...]
Weekly Analysis: Wheat
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 [...]
Weekly Analysis: Wheat
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 [...]
Weekly Analysis: Wheat
New-Crop Kansas City Wheat Futures: July 2021 Weekly Close: $6.3175, down 6.0 cents Secondary Trend: Sideways-to-down Noncommercial Position (as of Tuesday, March 2): 52,064 contracts net-long, up 2,857 contracts July-September [...]
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: [...]
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 [...]
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 [...]