Wheat

[wheatking16]

Could this be the time it breaks out higher?



https://klarenbach.substack.com/

[farming101]

Possibly, although nearby I think it will be fairly modest gains for Chicago. Stability at these levels likely for some time.

[TechAnalyst]

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.

[Sodbuster]

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.

[furrowtickler]

Good info and insight from all the above 👍