• You will need to login or register before you can post a message. If you already have an Agriville account login by clicking the login icon on the top right corner of the page. If you are a new user you will need to Register.

Wheat

Collapse
X
Collapse
 
  • Time
  • Show
Clear All
new posts
  • wheatking16
    Senior Member
    • Apr 2010
    • 553
    #1

    Wheat

    Could this be the time it breaks out higher?

    Click image for larger version Name: ZW1!_2021-10-25_09-12-04.jpg Views: 1 Size: 15.5 KB ID: 779676

    https://klarenbach.substack.com/
    Tags: None
    • farming101
      Senior Member
      • Mar 2011
      • 3953
      #2
      Possibly, although nearby I think it will be fairly modest gains for Chicago. Stability at these levels likely for some time.

        Comment

        • TechAnalyst
          Senior Member
          • Nov 2017
          • 297
          #3
          Click image for larger version Name: Monthly Wheat 102621.jpg Views: 1 Size: 19.2 KB ID: 771893

          This gives another perspective. It's the continuous monthly chart for Chicago Wheat.

          The saucer that has been developing since 2012 is textbook perfect. The measured move higher is tied to how long it took to build the base, significantly higher in this case.

          It appears poised to leg up anytime now from a technical point of view.

          With Minneapolis having a much more bullish setup than Chicago, such a formation suggests significantly higher moves lie.

            Comment

            • Sodbuster
              Senior Member
              • Mar 2017
              • 1119
              #4
              Looks like we should have at least $2-$3 left on this run. Not sure we can take out 2008 high, could happen if we have another drought in 2022. Thanks for the chart, puts some perspective of where prices could end up.

                Comment

                • furrowtickler
                  Senior Member
                  • Dec 2004
                  • 21856
                  #5
                  Good info and insight from all the above 👍

                    Comment

                    • Reply to this Thread
                    • Return to Topic List
                    Working...