Breadbasket Basics: Trading Wheat Futures🟡 1. Introduction
Wheat may be a breakfast-table staple, but for traders, it’s a globally sensitive asset — a commodity that reacts to geopolitics, climate patterns, and shifting demand from dozens of countries.
Despite its critical role in food security and its status as one of the most traded agricultural commodities, wheat is often overlooked by traders who focus on corn or soybeans. Yet wheat offers a unique combination of liquidity, volatility, and macro sensitivity that makes it highly attractive for both hedgers and speculators.
If you’re new to trading wheat, this guide gives you a solid foundation: how the wheat market works, who the key players are, and what makes wheat such a dynamic futures product.
🌍 2. Types of Wheat and Where It Grows
One of the first things traders need to understand is that wheat is not a single, uniform product. It’s a diverse group of grain types, each with its own characteristics, end uses, and pricing dynamics.
The major classes of wheat include:
Hard Red Winter (HRW): High-protein wheat grown in the central U.S. — used in bread and baking.
Soft Red Winter (SRW): Lower protein, used for pastries and crackers.
Hard Red Spring (HRS): Grown in the Northern Plains; prized for high gluten content.
Durum Wheat: Used for pasta, grown mainly in North Dakota and Canada.
White Wheat: Grown in the Pacific Northwest; used for noodles and cereals.
Each class responds differently to weather, demand, and regional risks — giving traders multiple ways to diversify or hedge.
Major global producers include:
United States
Russia
Canada
Ukraine
European Union
Australia
India
These regions experience different planting and harvesting calendars — and their weather cycles are often out of sync. This creates trading opportunities year-round.
🛠️ 3. CME Group Wheat Contracts
Wheat futures are traded on the Chicago Board of Trade (CBOT), part of the CME Group.
Here are the two key contracts:
o Standard Wheat
Ticker: ZW
Size = 5,000 bushels
Tick = 0.0025 = $12.50
Margin = ~$1,750
o Micro Wheat
Ticker: MZW
Size = 500 bushels
Tick = 0.0050 = $2.50
Margin = ~$175
Keep in mind that margins are subject to change — always confirm with your broker. Micro contracts are ideal for scaling in/out of trades or learning market structure without large capital risk.
📅 4. Wheat’s Seasonality and Supply Chain
Unlike corn or soybeans, wheat is planted and harvested across multiple seasons depending on the variety and geography.
In the U.S., winter wheat (HRW and SRW) is planted in the fall (September–November) and harvested in early summer (May–July). Spring wheat (HRS) is planted in spring (April–May) and harvested late summer.
Globally, things get even more staggered:
Australia’s wheat is harvested in November–December
Ukraine and Russia harvest in June–August
Argentina’s crop comes off the fields in December–January
This scattered global schedule means news headlines about one country’s weather or war (think Ukraine in 2022) can quickly shift sentiment across the entire futures curve.
📈 5. Who Trades Wheat and Why
Wheat is traded by a wide range of participants — each with their own objectives and strategies. Understanding their behavior can give you an edge in anticipating market moves.
Commercial hedgers:
Farmers lock in prices to protect against adverse weather or market crashes.
Grain elevators and exporters use futures to manage inventory risk.
Flour mills hedge their input costs to protect profit margins.
Speculators:
Hedge funds and CTAs trade wheat based on global macro trends, weather anomalies, or technical setups.
Retail traders increasingly use micro contracts to gain exposure to agricultural markets with lower capital risk.
Spread traders bet on pricing differences between wheat classes or harvest years.
🔍 For retail traders especially, micro contracts like XW open the door to professional markets without oversized exposure.
🧠 6. What Makes Wheat Unique in Futures Markets
Wheat is often considered the most geopolitically sensitive of the major grains. Here’s why:
Price can spike fast — even on rumor alone (e.g., export bans or missile strikes near ports).
Production risks are global — the market reacts not just to the U.S. crop, but to conditions in Russia, Ukraine, and Australia.
Storage and quality matter — protein levels and moisture content affect milling demand.
Unlike corn, wheat doesn’t have a single dominant industrial use (like ethanol). This means food demand is king, and food security often drives policy decisions that affect futures pricing.
📌 7. Summary / Takeaway
Wheat may not get as much media attention as corn or soybeans, but it’s a deeply important — and deeply tradable — market. Its global footprint, class differences, and sensitivity to weather and politics make it a must-know for serious agricultural futures traders.
Whether you're just starting out or looking to diversify your trading playbook, understanding wheat is an essential step. Learn its rhythms, follow its news, and respect the fact that every crop cycle brings a new story to the market.
🧭 This article is part of an ongoing educational series exploring futures trading in agricultural commodities.
📅 Watch for the next release: “Soybeans: The Global Protein Powerhouse.”
When charting futures, the data provided could be delayed. Traders working with the ticker symbols discussed in this idea may prefer to use CME Group real-time data plan on TradingView: www.tradingview.com - This consideration is particularly important for shorter-term traders, whereas it may be less critical for those focused on longer-term trading strategies.
General Disclaimer:
The trade ideas presented herein are solely for illustrative purposes forming a part of a case study intended to demonstrate key principles in risk management within the context of the specific market scenarios discussed. These ideas are not to be interpreted as investment recommendations or financial advice. They do not endorse or promote any specific trading strategies, financial products, or services. The information provided is based on data believed to be reliable; however, its accuracy or completeness cannot be guaranteed. Trading in financial markets involves risks, including the potential loss of principal. Each individual should conduct their own research and consult with professional financial advisors before making any investment decisions. The author or publisher of this content bears no responsibility for any actions taken based on the information provided or for any resultant financial or other losses.
AGRI
The Golden Grain: Trading Corn in Global Markets🟡 1. Introduction
Corn isn’t just something you eat off the cob at a summer barbecue — it’s one of the most widely traded agricultural commodities in the world. Behind every kernel lies a powerful story of food security, global trade, biofuels, and speculative capital.
Whether you’re a farmer managing risk, a trader chasing macro trends, or simply curious about how weather affects global prices, corn futures sit at the crossroads of agriculture and finance. In this article, we’ll explore what makes corn a global economic driver, how it behaves as a futures product, and what traders need to know to approach the corn market intelligently.
🌎 2. Where Corn Grows: Global Powerhouses
Corn is cultivated on every continent except Antarctica, but a handful of countries dominate production and exports.
United States – By far the largest producer and exporter. The “Corn Belt” — spanning Iowa, Illinois, Indiana, Nebraska, and parts of Ohio and Missouri — produces the majority of U.S. corn. U.S. exports also set global benchmarks for pricing.
Brazil & Argentina – These two South American powerhouses are crucial to the global corn supply, especially during the Northern Hemisphere’s off-season.
China – Though a top producer, China consumes most of its own supply and has become a key importer during deficit years.
Corn is typically planted in the U.S. between late April and early June and harvested from September through November. In Brazil, two crops per year are common — including the important safrinha (second crop), harvested mid-year.
Understanding where and when corn is grown is vital. Weather disruptions in any of these regions can ripple through the futures market within hours — or even minutes.
💹 3. Corn as a Futures Market Power Player
Corn is one of the most liquid agricultural futures markets in the world, traded primarily on the CME Group’s CBOT (Chicago Board of Trade). It attracts a diverse set of participants:
Producers and Commercials: Farmers, ethanol refiners, and food manufacturers use corn futures to hedge price risk.
Speculators and Funds: Hedge funds and retail traders speculate on corn price direction, volatility, and seasonal patterns.
Arbitrageurs and Spreads: Traders bet on relative price differences between contracts (e.g., old crop vs. new crop spreads).
The deep liquidity and relatively low tick size make corn accessible, but its price is highly sensitive to weather, government reports (like WASDE), and international trade policies.
🏗️ 4. CME Group Corn Futures: What You Can Trade
The CME Group offers both standard and micro-sized contracts for corn. Here’s a quick overview:
o Standard Corn
Ticker: ZC
Size = 5,000 bushels
Tick = 0.0025 = $12.50
Margin = ~$1,050
o Micro Corn
Ticker: XC
Size = 1,000 bushels
Tick = 0.0050 = $2.50
Margin = ~$105
⚠️ Always confirm margin requirements with your broker. They change with market volatility and exchange updates.
The availability of micro corn contracts has opened the door for smaller traders to manage risk or test strategies without over-leveraging.
📊 5. Historical Price Behavior & Seasonality
Corn is deeply seasonal — and so is its price action.
During planting season (April–May), traders watch weekly USDA crop progress reports and early weather forecasts like hawks. A wet spring can delay planting, leading to tighter supply expectations and early price spikes.
Then comes pollination (July) — the most critical stage. This is when heatwaves or drought can do serious damage to yield potential. If temperatures are unusually high or rainfall is scarce during this window, markets often react with urgency, bidding up futures prices in anticipation of reduced output.
By harvest (September–November), prices often stabilize — especially if production matches expectations. But early frost, wind storms, or excessive rain during harvest can still trigger sharp volatility.
Many experienced traders overlay weather models, soil moisture maps, and historical USDA data to anticipate season-driven price shifts.
Even international factors play a role. For example, when Brazil’s safrinha crop suffers a drought, global corn supply tightens — impacting CME prices even though the crop is thousands of miles away.
🧠 6. What Every New Trader Should Know
If you’re new to corn trading, here are some key principles:
Watch the Weather: It’s not optional. Daily forecasts, drought monitors, and precipitation anomalies can move markets. NOAA, Open-Meteo, and private ag weather services are your friends.
Know the Reports: The WASDE report (World Agricultural Supply and Demand Estimates), USDA Crop Progress, and Prospective Plantings reports can shake up pricing more than you might expect — even if changes seem small.
Mind the Time of Year: Seasonality affects liquidity, volatility, and trader behavior. March–August tends to be the most active period.
Understand Global Demand: The U.S. exports a huge portion of its crop — with China, Mexico, and Japan as major buyers. A tariff tweak or surprise Chinese cancellation can cause wild price swings.
🛠️ Good corn trading is 50% strategy, 50% meteorology.
🧭 This article is part of a broader educational series exploring the relationship between agricultural commodities and weather patterns. In the upcoming pieces, we’ll dive deeper into how temperature and precipitation affect corn, wheat, and soybeans — with real data, charts, and trading insights.
📅 Watch for the next release: “Breadbasket Basics: Trading Wheat Futures.”
When charting futures, the data provided could be delayed. Traders working with the ticker symbols discussed in this idea may prefer to use CME Group real-time data plan on TradingView: www.tradingview.com - This consideration is particularly important for shorter-term traders, whereas it may be less critical for those focused on longer-term trading strategies.
General Disclaimer:
The trade ideas presented herein are solely for illustrative purposes forming a part of a case study intended to demonstrate key principles in risk management within the context of the specific market scenarios discussed. These ideas are not to be interpreted as investment recommendations or financial advice. They do not endorse or promote any specific trading strategies, financial products, or services. The information provided is based on data believed to be reliable; however, its accuracy or completeness cannot be guaranteed. Trading in financial markets involves risks, including the potential loss of principal. Each individual should conduct their own research and consult with professional financial advisors before making any investment decisions. The author or publisher of this content bears no responsibility for any actions taken based on the information provided or for any resultant financial or other losses.
Buy, hold, and let those sweet returns melt in your portfolio!Guys, we all know the sector rotational for consumer defensive is now rebounded
regardless the sector rotation or tariffs noise, agribusiness and sugar remains an essential commodity in our daily life.
There are strategies that Wilmar has taken for the past 3 years. We have seen the share price is being strongly supported at SG$3.03.
Given the essential nature of sugar, Wilmar’s strategic positioning, strong financials, and resilient consumer demand, this could be an opportune time to buy and hold for long-term gains.
🗝️ Key Investment Considerations:
Strong Technical Support – Wilmar’s share price has consistently held above SG$3.03, indicating a solid support level.
📙 Fundamental Strength – The company has a wide economic moat, benefiting from its integrated agribusiness model.
💰 High Insider Ownership – With a 74.7% stake held by major investors, management has significant “skin in the game.”
SGX:F34
📌 Investment Call: Buy & Hold (24-36 months)
🎯 Target Price: SG$4.46
💰 Potential Upside: 33%
📈 Dividend Yield: ~5.13% (TTM)
Wilmar International (stock symbol: F34.SI) dividend yield (TTM) as of March 27, 2025 : 5.13%
Average dividend yield, last 5 years: 4.1% (including 2024)
W Chart - crossing above zero line for MACD indicator
Options Blueprint Series [Basic]: H&S amid Surging Wheat Supply1. Introduction: Bearish Opportunity in Wheat amid Rising Supply
With the U.S. Grain Stocks Wheat (USGSW) report showing a notable rise in wheat stock levels, a bearish scenario is unfolding for wheat futures. This increase in supply, which could drive prices downward, aligns with a technical setup showing potential for a bearish breakout.
From a technical perspective, Wheat futures exhibit a Complex Head and Shoulders formation, signaling a possible breakdown as prices approach a critical support level. By combining the supply dynamics and technical formation, this article outlines a Bear Put Spread strategy, ideal for capitalizing on this bearish outlook with limited risk.
2. Fundamental Analysis: Rising Wheat Stock Levels
The most recent USGSW report has recorded wheat stock levels breaking upward to 1.98 billion bushels, up from the previous level of 1.779 billion bushels. This shift indicates a higher supply of wheat available in the market, which, in the absence of proportional demand, typically should result in price pressure to the downside.
Higher wheat stock levels often dampen demand sentiment, as markets anticipate reduced scarcity and increased availability. Such fundamentals offer a conducive backdrop for a bearish approach, supporting the downside breakout anticipated in the technical setup.
3. Technical Analysis: Complex Head and Shoulders Formation
The technical landscape for Wheat futures supports the bearish case, with a Complex Head and Shoulders pattern forming on the chart. This pattern is characterized by multiple peaks (heads) flanked by smaller peaks (shoulders), indicating a potential reversal from recent highs.
The critical neckline for this formation sits at 585'6. A break below this level would signal the likelihood of further downside movement. The target for this setup aligns with a UFO support zone at 552'4, which serves as an optimal price point to close the trade if the breakout confirms.
4. Trade Setup: Bear Put Spread on Wheat Futures (Ticker: ZWH2025)
To capitalize on the bearish setup, a Bear Put Spread is employed. This strategy allows for limited downside risk while still offering attractive profit potential. Here are the specifics:
o Contract Details for ZWH2025 (Wheat Futures):
Contract Size: 5,000 bushels
Tick Size: 1/4 of one cent (0.0025) per bushel (equivalent to $12.50 per tick)
Point value of 1 future unit: $50
Point value of 1 option unit: $50
Expiration: December 27, 2024
Margin Requirement: While the exact margin depends on the broker, the requirement typically ranges between $1,500 and $2,000 per futures contract. The margin for a Bear Put Spread in Wheat futures options is limited to the debit paid (15.2 points *$50 = $760).
o Options Strategy: Bear Put Spread
Buy the 585 put option at 25.84 and Sell the 550 put option at 10.64, both expiring on December 27, 2024.
The net debit paid is 25.84 – 10.64 = 15.2 points = $760
This spread provides a capped-risk opportunity for profiting from a downside move in Wheat futures.
o Risk Management:
While stop loss orders can be used, no stop loss is required given the limited-risk nature of the Bear Put Spread. The maximum potential loss is predefined by the cost of the spread.
5. Options Risk Profile Analysis
The Bear Put Spread strategy involves buying a put option at a higher strike price (585) and selling a put option at a lower strike price (550). This configuration:
Maximizes potential profit if Wheat futures drop to or below the 550 level by expiration.
Caps maximum loss at the initial cost of the spread, regardless of how the underlying Wheat futures move.
For this setup, the maximum potential profit is the difference between the strikes (585 - 550) minus the premium paid = 19.80 ($990). The maximum potential loss is the cost of the spread, making it a controlled-risk strategy suited to volatile or downward-trending markets.
6. Trade Execution Plan
Entry: Initiate the Bear Put Spread as Wheat futures break below the 585'6 neckline, confirming the downside breakout.
Target: Close the trade at 552'4, which aligns with a nearby UFO support zone, marking a logical exit point.
7. Risk Management Considerations
Effective risk management is essential in any options strategy, and the Bear Put Spread inherently offers several risk control advantages:
Limited Risk: By buying a put and selling a lower-strike put, the Bear Put Spread creates a defined risk position, capping potential losses at the initial premium paid for the spread.
No Stop Loss Required: With maximum risk predetermined by the cost of the spread, there's no need for a stop loss, which could otherwise be triggered prematurely in a volatile market.
Predefined Entry and Exit: This strategy's effectiveness hinges on precise entry (below the 585'6 neckline) and a clear target at 552'4. By maintaining these predefined parameters, the trade maximizes its alignment with both technical and fundamental setups.
This trade setup offers a balanced approach, allowing for downside exposure with risk under control, making it well-suited for periods of volatility or substantial downward moves.
When charting futures, the data provided could be delayed. Traders working with the ticker symbols discussed in this idea may prefer to use CME Group real-time data plan on TradingView: www.tradingview.com - This consideration is particularly important for shorter-term traders, whereas it may be less critical for those focused on longer-term trading strategies. Also, some of the calculations and analytics used in this article have been derived using the QuikStrike® tool available on the CME Group website.
General Disclaimer:
The trade ideas presented herein are solely for illustrative purposes forming a part of a case study intended to demonstrate key principles in risk management within the context of the specific market scenarios discussed. These ideas are not to be interpreted as investment recommendations or financial advice. They do not endorse or promote any specific trading strategies, financial products, or services. The information provided is based on data believed to be reliable; however, its accuracy or completeness cannot be guaranteed. Trading in financial markets involves risks, including the potential loss of principal. Each individual should conduct their own research and consult with professional financial advisors before making any investment decisions. The author or publisher of this content bears no responsibility for any actions taken based on the information provided or for any resultant financial or other losses.
Corn Prices Fizzle on Bumper HarvestCorn prices have fallen 14% since the start of 2023. The latest USDA report points to further downside. Corn prices are expected to fizzle with expectations of a bumper harvest combined with tepid demand.
The USDA expects a record harvest of 15.27 billion bushels. The 2023/24 forecasts signal rising corn supply boosting ending stocks to their highest level since 2016/17.
To hedge against falling corn price, this case study proposes a short position using CME Corn Futures (ZCN2023) expiring in July with an entry of 586.25 and a target of 433.25, which is hedged by a stop loss at 654.25, is likely to yield a reward-to-risk ratio of 2.25x.
RECORD CORN HARVEST IS ANTICIPATED RESULTING IN SOARING ENDING STOCKS
WASDE, short for World Agricultural Supply and Demand Estimates, is a monthly report released by the US Department of Agriculture (“USDA”) that tracks the supply and demand for various agricultural commodities.
In the latest WASDE report, released on May 12th, USDA expects a record 15.3 billion bushels of corn to be harvested in the US this year.
The US is the largest producer of corn, representing 32% of total global production. Global corn production is expected to rise 6% YoY in 2023-24.
While production is robust, demand and consumption are not expected to grow as fast. Global demand is expected to rise 3.7% with US consumption expected to climb 3.4%. This will result in an oversupply of corn with soaring inventory levels (i.e., Ending stocks).
Ending stocks represent the supply of corn that is carried over to the next year. They are expected to rise 56% YoY to 2.2 billion bushels, the highest level since 2016-17. This leaves plenty of supply to accommodate any demand expansion.
A bumper harvest in October is expected to cause an oversupply pushing corn prices lower.
Despite the recent decline in corn prices, they remain significantly higher than pre-pandemic levels. With ending stocks now expected to reach pre-pandemic levels, prices will likely follow.
WEATHER MAY UPSET BUMPER HARVEST EXPECTATIONS
The WASDE estimate assumes stable weather conditions as well as demand assumptions regarding China.
Weather conditions play a huge role in final harvested yield. In the current year, drought conditions & intense heat in Argentina led to lower crop yields. With extreme weather events rising globally, it is possible that unfavorable weather may reduce the final US corn output.
China is the largest consumer of corn. With hopes of strong economic recovery still simmering, demand in China may spike higher than USDA expectations.
If supply fails or demand spikes, Corn prices may remain steady or even rise.
Asset Managers and Options Markets are positioning for Corn price to plunge
CFTC’s Commitment of Traders Report shows that asset managers have more than doubled their net short positioning in Corn futures over the last twelve (12) weeks.
Other reportable traders have reduced their net long positioning by almost 50% in the same period. Both indicate rising bearishness about corn prices.
Similar sentiment is reflected in the options market. Although June and July contracts have Put/Call ratio of ~0.85 (more calls than puts), this is before the bumper harvest is expected (August-October). The September and December contracts which expire after the harvest have a Put/Call ratio of ~1.2.
The futures forward curve, which is in backwardation, also shows expectations for prices to drop following the harvest.
TRADE SETUP
Each lot of CME Corn Futures provides exposure to 5,000 bushels of corn. A short position in CME Corn Futures expiring in July (ZCN2023) with an entry of 586.25 and a target of 433.25, which is hedged by a stop loss at 654.25, is likely to yield a reward-to-risk ratio of 2.25x.
• Entry: 586.25 ¢/bushel
• Target: 433.25 ¢/bushel
• Stop: 654.25 ¢/bushel
• Profit at Target: USD 7,650
• Loss at Stop: USD 3,400
• Reward-to-risk: 2.25x
MARKET DATA
CME Real-time Market Data helps identify trading set-ups and express market views better. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
DISCLAIMER
This case study is for educational purposes only and does not constitute investment recommendations or advice. Nor are they used to promote any specific products, or services.
Trading or investment ideas cited here are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management or trading under the market scenarios being discussed. Please read the FULL DISCLAIMER the link to which is provided in our profile description.
AGRI - Food will come back without a doubt it my mindExpect orange range to hold as support for this here. Volume spikes after coming in suggesting it could be getting ready. Would be great if it held the top range but definitely doesn't have to. Nice that it coincides with the gap up on 16th of May.
Looking for a swing here and this will be a ticker I'm going to be keeping an eye on for the rest of the year. Gaps filled and not too many people talking about food plays. Similar to energy a while back.
Wheat futures has been trying to push lower for the past month and a half but it just can't stay down there. Like oil, I think food gets it's second leg and AGRI was there main player in smallcap world.
Remember no fundamentals have changed regarding the food situation around the world, which I've mentioned in previous posts. ZERO
AGRI and all food related. Theme will be back and hard- 2021:
Russia - 13.1% total wheat exports
- 1.4% total corn export
- 20.2% sunflower seed/safflower oil
Ukraine - 11.9% total wheat exports
- 11.4% total corn exports
- 52.2% sunflower seed/safflower oil
Ukraine struggling to export due to ports being no longer in their control and internally with workers joining the fight against Russia and there being a major shortage of labor.
Geopolitical relations breakdown and deglobalisation through Russia relations with western powers (US/EU) constricting supply.
Countries restricting exports due to lower yield and wanting to ensure they have enough for their own people.
- Nothing is changing for the better from 1-3 months ago
- Crazy weather and heat waves throughout the EU and the world during this summer is only going to compound this into the Winter.
- I don't see one positive on the horizon that will ease the huge bid on all things food. Nothing. IF anything, its getting worse. Commodities like oil and wheat went though a huge push but I think its just the first leg.
- At the end of the day I see nothing easing this whatsoever, therefore, UP ONLY TV. And its only a matter of time before this theme/sector gets gas and around here might be the time to start building positions
- Outlined is a possible move out but at the same time it could swing below $2 again and them move.
- Proper structure above red would be nice but I'm in this one waiting for the theme to hit. And when it does it will hit HARD. Low vol, curling bottom. Nice RR and you can try it a few times because I see no reason or way the upwards momentum on food doesn't get hit soon
- Over 2.90 forget about it. It's going para
- One risk is the huge reserves China has. They will definitely use that to build stronger relations in many emerging economies that will be at risk of famine and starvation. But that inflow will only slow down not nearly stop what is coming.
AgriFORCE Growing Systems (USA: $AGRI) To Bloom Spring 2022! 🌷AgriFORCE Growing Systems, Ltd., an agriculture-focused technology company, focuses on the development and acquisition of crop production know-how and intellectual property augmented by advanced AgTech facilities and solutions in North America, Europe, and Asia. The company was formerly known as Canivate Growing Systems Ltd. and changed its name to AgriFORCE Growing Systems Ltd. in November 2019. AgriFORCE Growing Systems, Ltd. was incorporated in 2017 and is headquartered in Vancouver, Canada.
AGRI AgriFORCE Growing Systems Price TargetAGRI was listed on July 7th, at a public offering price of $5.00 per unit. Now the price is only 3.04usd!!!
Shares Float is low, 12.05Mil
AGRI has signed a letter of intent to acquire a leading AgTech European consultancy.
AgTech consultancy had 2020 annual consulting audited revenues of over US$26 million and EBITDA of US$3 million .
it expects revenues of US$28 million for 2021.
purchase price of AgriFORCE is around US$29 million cash and stock.
AGRI has now a mk cap of onlu 45.5mil. with this purchase and AgTech`s added fundamentals, and using also the fibonacci extension tool, my place target for AGRI short term is 11.20usd
I`m looking forward to read your opinion about it.
AGRIAgriFORCE Growing Systems Ltd (NASDAQ:AGRI) Potential bottom play next week. The stock price has fallen hard over the past several weeks and looks ready for a rebound. The technical daily chart above is not only oversold but also shows a stock ready to post a sizable bounce with several key momentum indicators showing positive divergences.
CPO (31 Mar 21) Now Ready To Move Down side Till 990-975MCX CPO (31 Mar 21) Will Move Downside from the level 1049-1060 It may face resistance near 1092-1099. Down side TGT will be near 1010-990-975.
MCX:CPO2!
Wheat on the side while riding goldHey, I've been looking at grains a bit and I think wheat could be going down.
On a pullback there is a good r to r.
It is on a global downtrend and it convincingly broke to new lows on the lower TF.
It sort of always goes down around this period
Global trade & weather have a big impact I guess.
Here you can see the past weather: www.timeanddate.com
Here are averages: www.holiday-weather.com
Chicago is in the averages. Most places are below, France has had a freezing summer brrr.
The weather data is obviously run by climate deniers.
The CME website: www.cmegroup.com
The biggest producers of wheat are the same old same old... China USA India Europe South-South-America. And to a lesser extent pretty much everywhere except Africa.
Some of the top biggest exporters are Russia Canada the USA France Argentina Ukraine...
Argentina I think is the biggest net exporter there is in % of what they produce. India is self sufficient, China is barely I think.
I could list all the net exporters but it's easy to remember. It's the white countries.
Basically the most important weathers I think are NA & Europe.
And China news/catastrophic crop ==> boom.
Probably will trend down, hopefully without too much choppy pullbacks.
Would be nice to look at something other than gold here and there.
Bearish on grains & wheatBeen a while since I posted about agri.
Price is around its average now, I see no reason for it to skyrocket.
I don't think this little rally is a new trend, I see it as a correction.
And the short term uptrend is probably just noise that kindly comes fill my shorts.
Technically the price around 490-495 is a sweet spot to short this which makes it interesting.
We let the amateurs trade everything to make sure they don't miss out.
Market can stay irrational longer than you stay solvent so use a stop loss.
And also, it's not 100% sure the price is supposed to go down, might be wrong.
So in any case, stop loss (or something else) is good.