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Softcommodities

Wheat (The revenge of the fallen!) View On Wheat(16 May 2023) Wheat is in * Uptrend in short term (Intraweek) * Uptrend in Mid term (Intramonth) * Downtrend in Long term (Last 3 months) We had a strong wake up call yesterday and it ends with bullish tones. Now $640 region is acting as strong support and it can rise higher for now. We shall see $700 region soon. Let's see. DYODD, all the best and read the disclaimer too. Feel Free to "Follow", press "LIKE" "Comment". Thank You! Legal Risk Disclosure: Trading crypto, foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
FX:WHEATFLong
by SonicDeejay
DBA Coiling to Break Out ?DBA noted to be on the verge of a break out. Very quickly, here is why: 1. Weekly Candlestick pattern appears more bullish . Subtle buy signal there. 2. MACD rising and just about crossing up and the VolDiv already crossed over. 3. TD Seq is actually still in Bullish trend 4. Daily Candlesticks show a potential rebound, but it needs to break above the TDST (green line) 5. The Daily background MACD histogram is actually bullish and rising Still early IMHO Looking for a pop above the line...
AMEX:DBALong
by Auguraltrader
1
Watch Agriculture... DBANoted in my screener that the Invesco DB Agriculture Fund DBA was outstanding for the week. A 2.3% climb for the week came after a quick 15% decline early in the year, and entrapment in a consolidation range (yellow box) between 19.50 and 20.80. The lower end of the range represents a strong support having been tested thrice this year. Meanwhile, the weekly MACD was frustratingly flatlining as the VolDiv dropped. Conditions appear to preliminarily change as this solid marubozu bounce from the support came with a more significant MACD breakout and closed the week at the 23W EMA. There also appears to be an early alignment with the VolDiv uptick in recent weeks. A shorter term trend line appears to have been broken out as well (green trend line). An early potential where a follow through rally on the DBA should bring price to about 21, and another imminent breakout of the consolidation zone. Merry Christmas!!!
AMEX:DBALong
by Auguraltrader
Agriculture ETF DBA long term perspective... Decided to start looking at the Agriculture ETF, DBA. Had been viewing it for years now since 2009, but it was in a long downtrend that never seemed to end, until it did in mid 2020. With a fierce initial upside, and a stall in the previous months, it appears that there might be some retracement to about 18-20 levels, before a real launch. Much is said about imminent food shortages, etc. over the past months, but the charts are not showing it... IF the chatter is before its time, and the reality comes much later, then the chart is showing that 2023 will hold the next leg up, and expected to be larger; which also means the problem is not going away, and efforts now to alleviate would only be temporal.
AMEX:DBA
by Auguraltrader
1
What you need to know to trade wheat futures in 2022Fears of the impact of Russia-Ukraine war on global inflation and recession have escalated in recent weeks and another major issue looming over the horizon are concerns that the conflict could result in a hunger crisis as both countries account for over a quarter of the world’s wheat exports. Wheat prices recently surged to a 14-year high, with the price of a bushel of wheat soaring more than 50% to $12.94 on Monday since the Russian invasion of Ukraine began. The price movement on Monday hit the Chicago Board of Trade’s limit for another day. Reliance on Russia and Ukraine wheat exports Russia and Ukraine are two of the world’s largest exporters of wheat, accounting for about 30% of the global total. In 2019, Russia was the world’s top wheat exporter, while Ukraine came in fifth next to the US, Canada and France, according to data from the Observatory of Economic Complexity. The disruption in both countries’ grain harvest and trade could have catastrophic impacts on their biggest buyers in the Middle East including Egypt, which depends on Ukraine’s wheat imports to produce subsidized bread to its poor population and other staples. These fears intensified on Wednesday after the Ukrainian government said it will ban exports of key agricultural goods like wheat, corn, salt, meat and oilseeds to maintain market stability in Ukraine and “meet the needs of the population in critical food products. Looming food shortage Many nations rely on Ukraine and Russia for grain and oilseeds and the crisis could exacerbate the supply of food especially at a time when low-income countries are still reeling from the COVID-19 pandemic. Some economists have warned that the war could lead to a repeat of the Arab Spring in the past decade when social unrest and armed rebellions led to soaring food prices. "The fallout from Ukraine will spread across the globe. Russia and Ukraine together export 30% of the world's wheat. As this war heats up, many countries will face: soaring food prices, catastrophic hunger & growing instability,” David Beasley, the head of the United Nations World Food Program said. Farmers in Russia and Ukraine are tipped to reduce their planting area in the coming seasons as the war intensifies, placing the pressure on other exporters to boost production. China, India, US work to fill in the gap Although Russia and Ukraine’s grain trade have not been technically included in sanctions imposed by Western countries, many importers have turned to other sources like China, India and the US to make up for any shortfalls, according to ING Bank, over fears of supply disruptions. “We would expect to see strong plantings from US farmers over the spring, leaving the potential for an increase in US spring wheat, corn and soybean area,” ING’s head of commodities strategy, Warren Patterson, said in a note on Monday. Volatility in wheat markets The lingering crisis in Ukraine has caused wheat prices to be highly volatile in recent weeks as countries work to ensure grain imports to feed their population. The CBOT soft red winter wheat, KC hard red winter wheat and MGEX spring wheat all reached their daily trading limits for another day on Tuesday, while US wheat futures snapped a six-day winning streak the same day. Investors have been hesitant in making big position moves for the second week in a row last week despite the market volatility, Reuters said. In the week ended March 1, commodity funds axed only 11,000 futures and options contracts from their CBOT wheat net short, down from estimates, the news outlet reported earlier this week, citing data from the US Commodity Futures Trading Commission. "Huge speculative interest has flowed into wheat that may have pushed futures past reasonable levels… The export market is difficult to define with many countries banning exports and tenders being canceled,” CHS Hedging was quoted by Bloomberg News as saying.
W
by BlackBull_Markets
COFF Long (+ I LOVE DRINKING COFFEE)LSE:COFF WisdomTree Coffee is designed to enable investors to gain an exposure to a total return investment in coffee by tracking the Bloomberg Coffee Subindex (the "Index") and providing a collateral yield. WisdomTree Coffee is an exchange traded commodity ("ETC"). Its securities can be created and redeemed on demand by authorised participants and traded on exchange just like shares in a company. The ETC is backed by swaps. The payment obligations of the swap counterparties to the Issuer are protected by collateral held which is marked to market daily. The collateral is held in segregated accounts at The Bank of New York Mellon. Details of the collateral held can be found in the Collateral section of the WisdomTree website (www.wisdomtree.com).
LSE:COFFLong
by quantumseed
SoyBean (Central Bank Can't print Food)View On Soy Bean (19 Oct 2021) We are seeing the potential bottoming in the soft-commodities and it is about go back UP higher. For the starter, reclaiming the previous resistant of $1,280~$1,300 shall be easy. We shall see further bullish signs soon. Legal Risk Disclosure: Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor. DISCLAIMER: Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice. Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
FX:SOYF
by SonicDeejay
Pop Corn rise 🦐After hitting an extreme support on the weekly chart the price has been moving up in a strong impulse. Now after creating a falling wedge the market is trying to break above the resistance area for the next impulse up. If the price will break and close above it we can look at the retest of the structure for a nice long order according with our rules. ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger
OANDA:CORNUSDLong
by InkyGrip
Food prices to keep getting cheaper [+Photosynthesis tuto]Seems like an easy prediction. With rising levels of CO2 agri prices will keep going down. And I guess interest in soft commodity futures will keep going down. Especially noobs, they could not care less, they want to chase the next high tech big thing that will make them rich, er typo I mean that will make them lose their shirt. Statistically they are better off playing lottery or going to the casino. Until we run out of fertilizers (At current consumption levels, we will run out of known phosphorus reserves in around 80 years, but consumption will not stay at current levels). Unless we replace those by a new type of fertilizer OR find more phosphorus. Brace yourselves for yet a new mass hysteria clownery "the world will end soon because we will run out of phosphorus". Remember "we will run out of water" "world will get overpopulated" "co2 will cause mass extinctions" "acid rains will destroy everything" and so on. I think fertilizers support half of the planet population, this means they double yields. And CO2 increased yields by something like 20% I think. I can 100% guarentee without a single doubt there will be a "science settled very serious" mass hysteria fear about fertilizers (P) levels getting low in the future lmao. This is what plants need: Plants also need magnesium and sulfur. Not sure what else. I think they can synthesize all vitamins from C H O N but I really don't know for sure. I just know those are the typical atoms in vitamins. Expressed in dollars, the monetary benefit: www.co2science.org An extract: I think that to produce 1kg of grain something like 100 liters of water is required. Just because that's how it has been for centuries does not mean it is "normal". If one is actually able to think out of his little box and little dogmas, he would realize agriculture uses huge amounts of water, and also, many plants (C4 type - not to be mistaken with the explosives) have even evolved to be more water efficient and to survive with very little CO2. I think also when you measure the CO2 around crops during the day you notice they sucked it all up (concentration is down a big amount maybe 50%). So anyway, as CO2 goes up, plants will use less water (or use the same amount to grow bigger). There is going to be possibly new plants evolve, the old world plants will make a comeback, and alot more but I'll save this for another idea. The CO2 famine is over for plants they're going to take over. Here is corn & sugar: I don't know how agr companies work... Better productivity means they get more productive? But prices drop so they make less? They probably are undervalued right? At least compared to high tech for sure. Of course this is all cancelled if primitive monkeys of abysmal stupidity remove CO2 from our atmosphere "to save the planet".
CBOT:ZS1!Short
by MrRenev
2
Corn Preparing to Turn?Corn has been decelerating for quite a few months now and is currently rejecting key resistance (monthly 200ema/200ma + monthly fibs) with a high-test. Price action seems to be hinting at a turn from here in the near future down to $302.00, the September '09 low that sent us into an enormous rally to form the '12 highest high. I'm watching for a rejection of this 09' level over the next year or two that should align with the bottom in wheat. I expect a HUGE rally following that bottom to retest $746.00 --- Checkout my website @ PatsTrades (link is on my profile page below my picture) for my analysis on other trades like this and subscribe to avoid missing out on ideas and entries. Thanks!!
QShort
by patrick186