US Wheat Futures - Mar 25 (ZWH5)

Real-time derived
Currency in USD
590.00
+4.50(+0.77%)
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US Wheat Futures Discussions

Gap 388 filled some fat hands heavy sold so now its time to buy big lol
keep dreaming.
You’ve been calling crazy unrealisric gap fills for years. Do you even trade or just nonsense calls?
I think its over for us bullish in the court term. Possible to go lower than 530 520. Nightmare
586 is bottom of raising channel, lets see if it turn up or not
Feb 14 its probably an exhaustion candle, divergence on volume, as I am bull, I am not happy. Corn very ugly too
Farmers are always afraid it will go back down. And they are wrong.
Dont know what are you looking for
Brendon Boufleur I don't have a clue where your fear is coming from. Us is going to cut a big deal with Russia. USA and Russian farmers will benefit big time. tarriffs are only going to help USA farmers and level the playfield. chart is very bullish short mid and long term. look on the 30 year it tested it again awhile ago and it's going to run
Any explanation? Bug? Real?
Very bad, very ugly. When we think it will become beautiful, it goes down. Complicate
Has been punching up then ~4 days down , still in the channel
Ron Burgundy yup
I wont like to see coming Back to 584, could be a false break
Can we see 595 today?
Even worse
guys this is just the start bears and sellers get wrecked. farmers selling into fear it will go down get wrecked
Ron Burgundy basis is irrelevant it's a market manipulation strategy doesn't work.
Ron Burgundy these graineries are going to end up just chasing like they always do. It's comical really. They chase it up they chase it down. middlemen are becoming fewer and fewer. they are about to end up chasing it up big time over the next few years 15 to 20% a year they will chase.
Doesn’t really matter what futures do unless you can direct market, this could go to $10 again, doesn’t mean anyone will buy physical at that
Strong resistance at 599. Once it will cross 600, further rise will be easy.
Has to break 6 first
on 11 Feb, I commented that wheat will increase tob650 by end of March. It touched 602 today. 650 will be reached much earlier than I predicted.
why up?
False flag: Drone warhead dropped something on nuclar plant Chernobyl...
I don’t know why i have a feeling it will open gap up next week :(
I don’t know why i have a feeling it will open gap up next week :(
See the bull flag breaking out now. Wheat will go much much much higher. big breakout coming. enjoy.
Anyone know why its up so much? Pricing in winter kill chance?
Are we heading to 600 today :D ??
Wasn’t on my bingo card
Ron Burgundy you need a bigger card
Would seem so, should have taken sevcon more seriously with those low Russian stock warnings
Bull flag
Markjet has to go where the big boys short cover bids are. To settle their March contract shorts. Now the guess is at what level exactly.
Pretty strong sales, most active contracts aren't nearby and basis isn't great if that tells you anything.
Ron Burgundy tells you nothing other then the elevators are weak middlemen that get taken advantage of
ok
Seems we have some depths to cover to 565; 552, and 542. Could we get a nice low in 2 weeks time before contract roll? How nice would that be! To get properly long positioned.
The day was so beautiful. Now it seems we go down next days
The global wheat outlook for 2024/25 is for slightly larger supplies and higher consumption but lower trade and ending stocks
WASDE report today
No doubt but there is no effect of the wasde report
Price crawling towards recovery steadily and by end March, it will touch 650. It already touched 590 mark few days back.
Big export inspections, better sell off
? What’s in inspection??
Means that more wheat is being exported than expected
Thanks Ron for sharing ur knowledge sir appreciate you
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