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Wheat

Kansas Cory Wheat Short Opportunity Off Of HighsLooking at a short opportunity with KC Wheat being at highs of 500’s I also look for other conditions. 1- divergence on almost all Macro time frames including the daily , and indecision here on monthly and weekly timeframes. 2-seasonal historic patterns showing a time where commercials can flip position to net buyers meaning they are hedging against the speculators that can drive prices back down 3-momentum looks weak up there Let’s see what happens all I am short one calendar spread from here. Good luck !
CBOT:KE1!Short
by ViperFutures
2
Hard Red Winter Wheat: Sell Opportunity on the 1W Resistance.The price is testing the 499'4 1W Resistance after a prolonged rise since the rebound on the 380'4 1W Support. We've made a Double Top on the 1D chart which remains bullish (RSI = 65.798, MACD = 12.030, ADX = 55.290, Highs/Lows = 2.8750). However MACD is forming a top on a bearish reversal pattern. We are expecting a strong rejection after that Double Top and our Target Zone is 393'2 - 380'4. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
CBOT:KE1!Short
by InvestingScope
Long Term Prospects for WHEATUSDThe WHEATUSD, symbol ZW, is in a rally within a Bear Market with price trading above the 50 week ema and the 200 ema, but below the 800 week ema. The the long term emas are mostly flat, signaling accumulation / distribution. The price action appears to be finishing up the e-wave of a b-wave which should resolve in a c-wave down into late Spring. There is a definite Seasonal aspect to this market with strong rallies that occur around June time frame. The Market is in a Bull Market on the daily, with price above the 50 ema, which is above the 200 and 800 emas. The 50 ema is in a strong uptrend along with the long term emas.. Price is topping out in the c-wave of a a-b-c rally and looks like it is putting in a M-Top. Price can be considered to be in an uptrend as long as it is above 549’2. The Market is in a Bull Market on the 4 hour, with price trading back above the 50 ema, which is above the 200 ema, and above the 800 ema. Price is now technically correcting, having pulled back to the 30 ema, which is a warning. This market is out of E-waves. Probably trade up in the back end of the coming week to finish out an M-Top formation, before starting a greater down-trend. This is my WHEATUSD look ahead for my own trading purposes. FUTURES trading involves risk. Feel free to comment, but trade off of this post at your own peril.
CBOT:ZW1!Short
by Cincinnatuus
4
trading follows the same rules we use for life. Real Life Trading Philosophy - Watch out for that big truck in your lane!If you are driving down the road and a truck is coming straight at you, in your lane, do you stay in that lane or swerve across to the empty lane where you are not supposed to be? The rules are clear, you are not supposed to be over there. The system says don’t do it, but reality is an 18-wheeler coming toward you in your lane. Do we follow all the rules of safe driving, or do we adapt to the situation at hand? Survival is a function of adaptation. Reality rules. On the road, in the markets. The first rule of life is to survive; the second rule is that all rules can be broken if that supports the first rule. Take this as your trading philosophy. Day trading follows the same rules we use for life. Successful trading is the art of using knowledge (systems) at the right time. This means when it is time to use the system or rule, you check for an oncoming 18-wheeler. That is what thinking is all about. We do need systems of living and systems for trading. But it is not mandatory that you follow all systems exactly all the time (just 99% of the time!). The reason is that systems do not adapt to any new bits of reality. That is what our mind is for, to observe, to record, to note changes, and then to develop an optimum use of the system. simpletradingrules.com
NASDAQ:QQQ
by DORMAN5
KEN2020-KEK2020 - Commodity Spread on Coffee FuturesKEN2020-KEK2020 Rising triangle in formation on this spread between two wheat futures contracts. Statistically, in the previous 15 years of our seasonal window we have come to profit in 100% of cases with an average risk reward of 3:1. With this strategy we started trading years ago, bringing us considerable profits that made us understand that operating in the financial markets was an incredible potential source of income if done with professionalism and discipline.
CBOT:KEN2020Long
by SwissTradingSchool
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.
CBOT:ZW1!Short
by MrRenev
Wheat Daily Finished Retracement Bullish LONGWheat in the daily chart formed the big double bottom in early 2019. Recently it has finished the retracement nearly 0.618 and now breakout the downward trend. We consider that Wheat now still in the bullish trend so we are going to BUY. The price in the daily chat just breakout daily structure and we open the trade in the support level. Be Patient and Relax! ---------------------------- Enjoy the trading itself and you will be much better at it! Thank you. This is TraderPig.
OANDA:WHEATUSDLong
by TraderPig
USDA's corn, soy stocks figures fall below expectations Instant View: USDA's corn, soy stocks figures fall below expectations Stock Markets1 hour ago (Sep 30, 2019 01:41PM ET) CHICAGO (Reuters) - The U.S. Department of Agriculture on Monday reported domestic corn stocks as of Sept. 1 at 2.114 billion bushels, below the range of expectations in a Reuters analyst poll. The USDA reported Sept. 1 soybean stocks at 913 million bushels, also below the range of analyst expectations. The government revised its estimate of the 2018 U.S. soybean harvest to 4.428 billion bushels, down from 4.544 billion previously. In a separate report on small grains, the USDA trimmed its estimate of U.S. 2019 all-wheat production to 1.962 billion bushels, from 1.980 billion previously. The latest figure was slightly below an average of trade expectations. Chicago Board of Trade corn futures jumped to a seven-week high after the release of the reports while soybean futures extended gains and wheat futures also firmed. Highlights: * USDA stocks, wheat crop report summary * USDA pegs U.S. soy stocks below expectations * U.S. small grains summary report - USDA * USDA quarterly grain stocks report * Trade estimates for U.S. grain stocks * Trade estimates for 2019 U.S. wheat crop * Trade estimates of 2018 U.S. soy crop COMMENTS: * Jim Gerlach, president of A/C Trading: "These were the biggest (quarterly stocks) misses in history and not by a little, by a lot. Last year's crops were over-stated ... The cash market has been telling you for a long time that we didn't have a 2.4 billion-bushel corn carry-out." * Bill Lapp, president of Advanced Economic Solutions: "It was certainly a sharper reduction than the trade thought in the 2018 (soybean) crop. We saw the USDA reduce the final crop by 116 million bushels. That was the largest revision to the crop we've seen on Sept. 1. The fact that they missed it last year does not imply that this year's is going to be a big shock as well." * Jack Scoville, vice president with Price Futures Group: "The USDA is telling you that they overestimated the crop last year as much as anything. But at the end of the day, 2.1 billion bushels of corn and 910 million bushels of soybeans is still a lot of corn and soybeans out there." * Joe Vaclavik, president of Standard Grain: "The soybeans, that was a big deal on the balance sheet. Corn stocks number, too, was well below estimates. It's an aggressive cut, when most people thought we could actually see the USDA come in above the market expectations. This really caught the trade off-guard." * Ted Seifried, chief market strategist, Zaner Ag Hedge: "As far as corn is concerned, it was a bullish (stocks) number. This is a bit of a game-changer for the new crop. We'll be sitting at a friendlier level for ending stocks than what we were looking at on the September WASDE, when we get the October report." * Bob Utterback, president of Utterback Marketing: "The USDA comes out with a report saying we have 900-plus million bushels of soybeans, and that's bullish to this market. It's a sign of where we're at: We've gotten so used to these massive numbers (that) they've lost their shock value." * Terry Reilly, senior analyst, Futures International: "We were surprised that USDA didn't make an adjustment in U.S. corn production for 2018 because stocks came in much below expectations. It indicates demand for corn for feed was much better than expected." * Craig Turner, commodities broker, Daniels Trading: "Corn was the big surprise today. It's not wildly bullish, but it's not as bearish as everyone was worried about ... USDA today is taking away the 2 million bushels or so of corn that they said they found in the March report ... That has the market really focused now on yield: Will the (2019) harvested acres come down, as we're all expecting, and will the corn yield come down, even just a bit?"
OANDA:CORNUSD
by DORMAN5
Hard Red Winter Wheat: Medium term Sideways Signal.Hard Red Winter Wheat is trading within a Descending Triangle on 1M (RSI = 40.777, MACD = -11.870, Highs/Lows = -63.0357). This month has rebounded on the 382 1W Support marking the 3rd time it bounced on that level since May, practically making a technical Triple Bottom. As seen on the chart it appears to be replicating the July 2018 - January 2019 pattern, when then price after a Lower High within the 1M Descending Triangle, it declined and consolidated before eventually making the bottom on the 382 1W Support. As a result we have calculated a trading range within 382 - 417 that may last until late November. This can be a very profitable medium term scalp opportunity. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
CBOT:KE1!
by InvestingScope
Corn to make a Head and Shoulders Pattern? Bullish Agriculture!I have been trading the agricultural commodities much more lately. On a long term approach (investing) I am bullish agricultural because I see food supplies diminishing due to weather. Just this Spring and Summer, crop yields did not produce as much as before and according to information on Martin Armstrong's blog, farmers planted crops late in the East due to a lingering winter. I expect these weather uncertainties to keep occurring. Soil in the west is also diminishing. This can easily be remedied through things such as Zinc and other things like phosphate etc but don't want to get too scientific here. What this means is that in the future we will likely transition to indoor/greenhouse farming. Another bullish aspect is China. If you follow my work, I have said the only reason China would come to make a trade deal/truce is if their credit problem worsens, and if their food issue worsens. China has been hit hard with the swine flu and the army virus and the government is subsidizing food prices, especially pork. This could be a more short term/intermediate term catalyst. Onto the charts. A good confluence for Corn. We hit a major support/flip zone at around the 3.45 zone. You can see the downtrend with its lower highs and lower lows. They are well defined. Remember, by definition once a lower high swing is broken and we stop making new lower lows, the downtrend is now nullified. We either range or begin an uptrend. We can see the lower high swing at 3.60 was broken and also retested. Buyers are coming on here. On the daily we are now awaiting our first HIGHER LOW swing in a possible new uptrend which we could have here. This would make a head and shoulders pattern and the confirmed higher low swing once we break above the neckline at the 3.70 zone. Overall this is looking good. We could see a move up to the 4.00 level.
OANDA:CORNUSDLong
by Uncharted-FX
4