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US Wheat Futures - May 25 (Wc3)

CME
Symbol
Exchange
Currency
ZWDerivedUSD
Wc1CMEUSD
Wc2CMEUSD
Wc3CMEUSD
Wc4CMEUSD
Wc5CMEUSD
Wc6CMEUSD
Currency in USD
597.75
-1.25(-0.21%)
Closed

US Wheat Futures Discussions

Very tricky. Market finds it difficult to find the direction here. Will pop or drop 5% from here.
US $ back only safe haven lol not the greatest for commodities bulls I guess…..
It's a given. Since we trade in US dollars, it is recognized that the price of goods denominated in US dollars in international transactions has fallen relatively when the US dollar rises.
The dollar needs to fall. The dollar is too expensive right now. It's getting harder and harder to buy US wheat overseas. US wheat production is outpacing US consumption. This is building up inventory and putting negative pressure on wheat prices. 570 felt overseas is the same as 700 during the past dollar weakness.
USA wheat is better than anyone else's in the world so they have to pay more for better quality
It is true that U.S. wheat is of excellent quality. However, the quality of wheat in the international market is just one of several considerations. Wheat in Brazil, Australia, and Canada is relatively inexpensive, but the quality is not as bad as that of U.S. wheat. And wheat used as feed is quality-agnostic.
However, I think the price of wheat is still cheap, and I think it will rise in the long term.
Trump gets in and wheat will go up.
I think we’ll be catapulted to 700. We’ll find out in 24-48 hours.
Rather have Massie in the usda than rfk
Come on wheat lol
Still believe I can win.. Maybe one more time pull the elastic cord to the downside? Before any meaningful rocket launch? Past few weeks were good for me: 5 to 10 point intradays pocket monies. ZW behavior may change..
We will miss values below 600.
farmers from west countries looking 600+, them not intresting below 600.
broke up bullish falling wedge, good job, bullish af
Now , starting looking for buying/on Daily. Targets are: 620 and 640 ...
Здравствуйте. Публикуйте ваши прогнозы почаще, пожалуйста)))
Election year, wars, lower stocks. I can’t understand this commodity.
The basic is: the MM's Stop Loss Hunt
There is no stop loss here. In my opinion is a big buy point. Target are 1000+
crazy bullish run just starting lol
farmers not produce wheat for 560 any more. Forget about it.
market always rule, if oil will slump filling gap 20$ wheat will go much lower…..anyway i m with farmers side
Maks Mars then farmers reduce costs even more
tbh for now im looking for 680 around second week of nov, funny isnt?
Israel attacks Iran limit down Sunday
why down?
It's hyperbole
566 support holding in the December Contract. If broken, look for 540.
Would be back buyer around 540-550 but just a buyback of what i sold at 610 not a concrete bags average lol
LoL, look at that!
what a slump lol
In consolidation. 566 on the December contract looks like good support.
When it could go back to 526 ? Next year ?
Probably if inflation picks up again and the Russia/Ukraine war escalates
u mean 726?
50% Retracement at 553 in the December Contract.
would avg (little size) my bag at 560 since i m afraid missing the train lol
Going sideways
Going down
bottom of a channel, means loading now
560$ good entry point for more risky buyers
this is free absolutely free.
what a (highly expected) slump lol
?
Down $21 in 7.5 hours on light volume. Just another day in the wheat market.
How to understand this -3% today? We Will close very bad weekly chart again!
gap 388$ would be a great buying opportunity
388 not gonna happen. It's nice to see you posting though because that usually means a low is right around the corner.
In Spain the wheat is below cost now.
In Spain There dumping now
Exports 7:30am central tomorrow.
...
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