In today’s tutorial, we will track the potential prices of this important staple, wheat, which is used to make our bread. In these studies, we will use a combination of technical analysis and fundamental developments to support this view. Chicago SRW Wheat Futures & Options Ticker: ZW Minimum fluctuation: 1/4 of one cent (0.0025) per bushel =...
sometimes it rains when it does it pours it' a $270 billion industry and KLiMA seem to be the only player for now a thematic play that is valued at $35bn and was discounted at $12bn during its launched yet participated by every ESG Player that put in around $2bn half of which reside in one account that handles the allocation and accommodation of fresh...
Wheat plays a critical role in global agriculture and trade. Extreme weather has turned wheat prices bullish, rising more than 22% in a month after having languished for more than two years. After reaching their lowest level in more than three years in March 2024, prices have rebounded strongly. Wheat rally is driven by extreme weather events in multiple places...
Soybean prices have been on a rollercoaster fuelled by turbulence over the last month amid elevated weather concerns, changing production yields, and geopolitical upheavals affecting prices. Winters are vital for bean traders. This paper delves into the various forces at play to guide traders and portfolio managers to navigate through the rough weather....
Weather has always been a key factor influencing the outlook for major commodities, especially agricultural commodities. The arrival of El Niño in June 2023 has led to a wide divergence in the performance across agricultural commodities. As discussed in our previous blog “What does El Niño’s return mean for commodities?”, the effects of El Niño include specific...
El Niño means little boy in Spanish. The fishermen in Latin America observed periods of unusually warm water in the Pacific Ocean in the 1600s around Christmas. El Niño can cause 50% variation in local weather in regions growing essential crops like beans, corn, and coffee. Soybean is a giant in global trade. It ranks among the top comprising more than 10% of the...
The El Niño weather phenomenon is back on the radar. A new update from the World Meteorological Organization (WMO) forecasts that there is a 90% probability of the El Niño event continuing during the second half of 2023. What is the El Niño phenomenon? The El Niño Southern Oscillation (ENSO) is an oceanic-atmospheric phenomenon with origins in abnormal...
🌞 Good news for bitcoin investors! 🚀 Based on the chart, the bitcoin weather seems sunny ☀️ with a high confidence level of 1.0. The opening price of 28498 has been followed by an even higher closing price of 28505, with a high of 28528 and a low of 28433. 📈 The exponential moving averages (EMA) show an upward trend with the EMA9 at 28536 and the EMA21 at 28447,...
we know what this pattern shows and looks primed for a lil lift off has had a fakeout on both sides but came back to its zone holding for a pop to the upside when ...................????????????????????????? draw up some fibs an measure it out get ur best guess
Natural gas breakthrough the triple top on a weekly basis, but now the price stays on the strong resistance 61.8 Fibonacci level. It is a turning point, and it would be interesting how the price will react this week. The weather appears to be the driving factor behind the recent upward movement in natural gas prices. Exports are on the rise, and industrial...
Oil has risen strongly above the $60 level. The price action has been very bullish with closes near the highs of the day. I believe the reasons for this is anticipation of demand rising again as nations opens back up and vaccines are distributed again, followed by stimulus being distributed. The market is pricing in Texas production cuts as this will curtail...
With news about NatGas weather saying that mild temperatures were expected these past days and being correct, Natural Gas is behaving inside a bearish triangle decreasing its three consecutive maximums and depleting a bullish chance that has until Feb 7 to occur. But it might certainly be tomorrow when the fossile commodity decides to either break 1.931 resistance...
Simple Elliott Wave demonstration of multiple extensions within Starbucks price rise over the last Quarter-century. Expecting a possible correction of 35-50%, but anything can happen. Know your Elliott Wave rules and apply them!
Soybeans has been supported by a rising trendline(yellow) and has just broken out upwards of the consolidation area. We should see higher prices from here on...
June brought an abundant wave of relentless storms, almost double the normal monthly rainfall, and a strong rally in grain prices. The wet conditions have spurred a long list of concerns for U.S. farmers and U.S. crop conditions substantially deteriorated in the final two weeks of June, according to the USDA. Nitrogen leaching and the lack of days available to...