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Wheat

CORN DOWNTREND WILL CONTINUE, BUT IT WILL END IF WATER SHORTAGE Both corn and wheat downtrend will continue. Since Dollar is very strong, agriculture is flourishing, oil is cheap, and is going to get cheaper, Corn and Wheat prices will go lower. There's no shortage of food, and it will continue to be like that in the next period. Unless something bad happens this summer, in terms of weather, Prices will go lower. The other possibility of this going higher is due to lack of water in some regions, like California: www.zerohedge.com www.zerohedge.com Lack of water around the world could be possible due to more factors, but I will start with this: www.zerohedge.com www.zerohedge.com www.zerohedge.com www.zerohedge.com www.zerohedge.com Also, glaciers forming more in asia, it has to do with water retreating, possible global freezing, instead of global warming: www.livescience.com www.globalresearch.ca www.globalclimatescam.com www.thelongview.com.au dailycaller.com nextgrandminimum.wordpress.com iceagenow.info Also, there appears to be water barons buying all water: www.bibliotecapleyades.net www.blacklistednews.com www.zerohedge.com Also, why is global warming a pseudoscience: www.bibliotecapleyades.net So this means, short now commodities while you still can, and watch out for lower production in the coming years because of lack of water around the world that can trigger lack of food and so, rising prices in all commodities. If on 1 month chart, highest high for corn is near 850, it can go in the future to 1600, 2000 or more, but that likely in 2 years or more, and that if farmers won't get water. Short, short term, Long, long term. Breaking the wedge indicates potential short target of 340, and longer target to 320. Breaking above 50 day EMA at 370 indicates possible long, and getting out of the wedge and breaking 200 day EMA at 385 indicates longs to unknown potential. This is ZCN2015 futures on corn chart, same as ZC1! idea. (Made this idea again because on zcn2015 posting it in forum posts it with chart, unlike zc1!, which is posted with link.) That is all.
CBOT:ZCN2015Short
by justaname
2
CORN DOWNTREND WILL CONTINUE, BUT IT WILL END IF WATER SHORTAGEBoth corn and wheat downtrend will continue. Since Dollar is very strong, agriculture is flourishing, oil is cheap, and is going to get cheaper, Corn and Wheat prices will go lower. There's no shortage of food, and it will continue to be like that in the next period. Unless something bad happens this summer, in terms of weather, Prices will go lower. The other possibility of this going higher is due to lack of water in some regions, like California: www.zerohedge.com www.zerohedge.com Lack of water around the world could be possible due to more factors, but I will start with this: www.zerohedge.com www.zerohedge.com www.zerohedge.com www.zerohedge.com www.zerohedge.com Also, glaciers forming more in asia, it has to do with water retreating, possible global freezing, instead of global warming: www.livescience.com www.globalresearch.ca www.globalclimatescam.com www.thelongview.com.au dailycaller.com nextgrandminimum.wordpress.com iceagenow.info Also, there appears to be water barons buying all water: www.bibliotecapleyades.net www.blacklistednews.com www.zerohedge.com Also, why is global warming a pseudoscience: www.bibliotecapleyades.net So this means, short now commodities while you still can, and watch out for lower production in the coming years because of lack of water around the world that can trigger lack of food and so, rising prices in all commodities. If on 1 month chart, highest high for corn is near 850, it can go in the future to 1600, 2000 or more, but that likely in 2 years or more, and that if farmers won't get water. Short, short term, Long, long term. Breaking the wedge indicates potential short target of 340, and longer target to 320. Breaking above 50 day EMA at 370 indicates possible long, and getting out of the wedge and breaking 200 day EMA at 385 indicates longs to unknown potential. That is all.
CBOT:ZC1!Short
by justaname
WHEAT MUST BREAK 535 FOR AN UPTRENDWheat is neither good, nor bad. Currently, it formed a bullish flag on daily, MACD/RSI convergent with price that is going up. First, breaking into a new 15 day high, above 530 would mean breaking the small wedge and going up. Breaking the 200 day EMA at 535$ would make wheat go into an uptrend, all the way to 600. News: economictimes.indiatimes.com Hedge funds are cutting wheat shorts: www.agrimoney.com Neutral-long for wheat. If 535 isn't broken in 2 weeks, price will likely go down.
CBOT:ZW1!Long
by justaname
Buy Wheat!You can hardly get a simpler and less ambiguous recommendation than that. After a 7 year bear market I think the time may have come for wheat to rise again. You can see a small monthly RSI divergence which has formed over the past 6 months and a larger hidden divergence which has formed over the past 5 years. Commercial buying is at historic levels and the seasonals are favorable for the second part of the year. In the media there’s plenty of news about oil and energy markets but wheat and agriculture in general at the moment are all but completely neglected. By reading various blogs I find also that most of the traders are bearish on agricultural commodities. The confluence of all of these factors suggests a strong buy for wheat. Does that mean mortgage your house and put all of your money in wheat? No, never bet the farm on any investment or trade no matter how convinced you are. I recommend using the following strategy (which you may modify to reflect your own strategy, risk tolerance and account capitalization): I suggest dividing the money allocated to wheat in 3 parts: 1. Investment Allocate approx. 1.5% of your trading account to wheat. For example if you have a 100,000$ account you would allocate 1,500$ to this position. The stop is 0, essentially this is an investment and there is no stop. The target is all time highs. I don’t have a more precise target, you would just have to wait for the pattern to unfold and when the mass psychology is “right” sell. For example if you see in your local newspapers front page articles about how high the price of wheat is and how high it’s gonna go, you should sell, but that is years away, it may be even decades away. It took wheat more than 20 years to break the 1974 high. To not have to wait that long we have the other 2 types of trades. 2. Long term trade Place a trade and assign a stop below 400 on a monthly closing basis. For the long term rising trend in wheat started in the year 2000 to remain intact, wheat shouldn’t close below the ascending trend line or approx. below 400. I suggest risking about 0.5%-1.0% of your total trading capital on this stop. If wheat goes to around a 1000 sell 1/3 of your position. Sell the second 1/3 around the 1,100-1,300 level. The last 1/3 sell at your discretion if wheat breaks above all time highs. 3. Speculative position Place a trade and assign a stop below 460 on a daily closing basis. Sell 1/3 at the 640-680 level, 1/3 at the 800-850 level (retest of the upper trend line channel) and 1/3 at 1000-1100 level. Risk no more then 0.5% of your trading capital on this trade. Whoever chooses to go with the trade good luck. This is not investment advice and you are solely responsible for your actions. For a full disclaimer see here: www.highprotrading.com For a full list of instruments traded in the lifetime of the portfolio and for performance go to the Performance section: www.highprotrading.com
CBOT:ZW1!Long
by HighProTrading
5
Head Fake HarryAnd there she is! After the crop report the boys decided to give a little head fake and run the stops of the weak longs. Now if we get above the 362.2 we could see a nice squeeze would could pop us. We are long and will be holding for the gap fill. Understand we are not fools at OFT... we can read. We understand that the agency is calling for a record 14 billion bushels of Corn which could weigh on an already weak market. This is why we weigh our risk first. We feel this move serves us well. Only time will tell. That's trading. Stay tuned and trade well.
CBOT:ZC1!Long
by OffTheFloorTrader
2
The ugly picture for wheatAt the beginning of the 2008 while the sub prime crisis start to be feared by all the wheat touched peaked, since then until mid 2010 the price dis-inflated severely (lost around 65% at the time from the $1320’s to a very better $480’s the contract. But as the recovery geared traction from 2010 it reduced the lost of price more than half when made at end of 2012 the almost 960 high. Since then the price reduced again in this deflationary scenario that are so worrisome for all till the 551 low at beginning of this year. The pattern for this decline since the 960 highs is clearly an impulse as you can see, the question lies on the context: Is this a beginning of a new trend that eventually lead to a new lows or was just a C from a corrective pattern meaning that the wave had end and therefore will rise again, and if so, how high it will get. Unfortunately I think this is not a new low impulse, and I’m more convinced that its about a C wave in fact the end of a B wave of higher degree and if I’m right we are about to see a new rally that could take us beyond the 960, and even more, at least near the 2008 high.
CBOT:ZW1!Long
by 7pasos
2