US Wheat (ZWK6)

Currency in USD
593.25
+1.25(+0.21%)
Closed·

US Wheat Futures Discussions

It is also important to analyze price with stakeholders. Farmers may be happy if price goes up and traders may be nervous. But I don't know whose interests are reflected
In principle, price of wheat should indicate inflation due to increased transportation cost. The linkage is not being proved so far.
Is there any connection between wheat prices and situation of war in the middle east?
Apparently wheat price did not increase after war
wheat up and down oscillation is within predictable range. 590 plus minus 10. stability is always good 👍
Folks bears will over stay as per usual. wheat will be running end of 26 and 27 to 28 hard. bears think short term. Yes we have over supply but that's irrelevant as it's going to get eaten up and history says way higher prices coming. I want to watch Marcus fund he runs get squeezed again like in 22 it was fun to watch
Buddy all my previous predictions on this board were spot on , you can go back in history and read for yourself. Im here to help people , that is my number one priority. Again I think wheat will go up in price, but not to the levels yku suggested, so far I been right and I dearly hope it helped people
Marcus Shmidt I'm not against you. however history says this is going much higher. I don't care about day to day or week to week right or wrong that's irrelevant my friend. I'm year to year
Folks i did try to warn you , since I been doing it for a long time and know the market. Wheat will rally at some point , but forget those totally unachievable targets of 1000 and above , im not saying they cant ever come, they can , but zero chance this year. Absolute best (at least at current juncture, things can change of course) 650 will be the absolute maximum and even that will be a tall order as things stand today.
i agree with you, ill rather buy oil if im buying stuff sibce thats where the action is. Im sure high oil price will cut production this year but stocks are still too high.
Things are changing I love watching people stay bearish to long. happens to farmers and traders all the time they over stay you will as well
Quit looking at stock piles of wheat it's going to get burnt through
Lol that WASDE report was as ugly as it gets for wheat bulls
Any weakness is only a buy zone. everything points to up when everyone is bearish they will get burned can't wait.
Well i have a buy order for 570. I think thats a reasonable level to start buying. Wasde comes out Apr 9, hipefully will start to show the oil proce already significabtly lowered output. I know oil is coming off but the chances of that ceasfire holding is far from certain.
Doesnt look like it’ll even hit 570 if oil is going back up. Looks like that ceasefire is going to fail.
Farmers will not sell at a loss they would rather watch the population starve. simple economics and history says 10 to 12 a bu coming. bears are limited life left
instead of typing some nonsense, better read from people who understands and learn
he calls up no matrer what lol
Marcus Shmidt it's severely under priced you guys look day to day lol 🤣🤣🤣🤣 this is heading higher long term next 9 to 12 months it's going to be much much higher
est. extra costs for diesel & fertilizer move breakeven close to 20% even higher. So if farmers were under water before 1st of march, they are even more now.
One thing that keeps wheat this artificially high is oil prices as soon as oil begins to retreat, expect violent sell off in wheat
Countries hoarding food now I can't wait to watch the bears cry soon enough your fund will get squeezed in feel bad for your investors
M18Grain4Gain dude you have zero idea what you are talking about , you are a living prove why retail always lose money
Marcus Shmidt which fund do you run? I don't trade wheat sorry so I don't lose. I make you buy and sell contracts though to hedge
By the way, if there was no war, crossing 600 was also not in view
In coming season, wheat cultivated area is going to reduce due to higher input cost. effects likely to come in 6 months when price will cross 680. crossing 700 will be a miracle.
Resilience at 590 plus minus 10 is good for everyone
Pull down factors like demand and buying power interacting with push up factors like higher input costs of fuel & fertilizer will have mixed unpredictable results. Price initially expected to drop to 570 in 2 weeks and in 8 weeks gradually increase to 640. But be ready for surprises.
Should be limit up and pushing 800 but it will. it always lags months and months and continues to go up after these moves in oil fertilizer
With current fuel and fertiliser costs isnt wheat break even at almost $7? Why would any farmers plant at a loss? To cover existing overheads?
because wey are stupid
governments subsidise farmers , so they really don't care about fertiliser prices , folks stop reading nonsense. At least this year wheat wont go up much , maybe it will touch 650 again , but that would be great place to exit.
Marcus Shmidt Marcus is a fund and bear. best thing for the USA is wheat jumps up big
Funds are not factoring in history they will get burned
Could hit close to $7 this month if steaight of hormuz stays closed even if the US exists the war.
Countries on the other side of that are net importers. If you can't get your grain to market what happens to the price?
History says 10 to 12 dollar wheat cooking. Get ready. Farmers going to win.
Bears are still bearish wanting farmers to sell to early. naw they deserve to get top dollar. All while forcing the big box to not jack prices for no reason.
Your going to see supplies get eaten up all year and this is the start up to 7 then 800 a bu going all the way back to 10 to 15 a bu
Russia stops ammonium nitrate exports for one month amid global supply crunch
600 +/- 10 should be the range for next ten days, if nothing unusual happens.
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