The information and opinions expressed below are based on my analysis of price behavior and chart activity Friday, February 14, 2025 May Wheat (Daily) May Wheat (Chicago) closed up 21 ½ cents on Friday, settling at 6.13 ¼, the highest close since October 17th of last year. Volume over the past 6 sessions has been high as traders roll from …
Chart of the Day – March Chicago Wheat
The information and opinions expressed below are based on my analysis of price behavior and chart activity Tuesday, December 17, 2024 March Wheat March Wheat closed down 5 cents at 5.45, a new contract low close, today. It did not set a new intraday low however, that was on Dec 4th at 5.40 ¼. By looking at the chart above, …
Grain Spreads
Commentary: I’m seeing some possibilities within the wheat sector for consideration. The ideas come on two future possibilities for consideration. First soft red winter wheat ratings released this afternoon show very good condition in the soft red winter states. Good to excellent condition ratings come in as follows per the USDA. Illinois at 62 percent, Indiana 67, Michigan 55, and …