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US Wheat Futures - Dec 24 (ZWZ4)

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549.40
-2.10(-0.38%)
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US Wheat Futures Discussions

The time has come... 600.
pakistan and indian stock damage in reen wheat high
Every time you know who comes in here talking about $300 as a guarantee, the price shoots higher. It's incredible how consistent it is.
Again, it takes everything to sell off for galrains to move up. It's basically inverse to all other assets. Glad for the longs here
Everything green today. You're not wrong though. Wheat has had some weird inverse correlations with other assets that don't seem to make any sense.
It is simple: Wheat is too cheap to incentivize enough production to feed the world. It must rise. And that is without any special circumstances. Add in some kind of geopolitical event and the sky is the limit.
wow. jumped off the $520 support. I was gonna pick up a long in the teens. I hope is sees $6
I guess we could see even 540-543 this week if not today Hopefully
Not today :(
weeeeeee
Horrrraaaaaaaah
536 for sure :)
Dear passengers Today we fly :D
Remember when wheat gets to cheap you can not buy it. Because it won't be sold. None available
400
never been so easy i guess….
Really think this is unlikely. Sovecon says: We believe the global wheat market is approaching a bottom or reversal. We are already at such an extreme level. Anything can happen but banking on another 20-25%+ fall from here is outrageous.
The Dec contract is currently 5.42% more than the September. That doesn't make alot of sense to me. Surprised this hasn't been arbitraged away. There is no way it costs that much to store wheat for 3 months, even with inflation added to the equation. Buy September wheat to get delivery and sell and equal amount of December wheat. Seems like free money.
Wasn't Dec wheat higher than Sept not long ago?
Dec is higher than Sept
tomorrow, oil -2% , wheat -2%. wait..wait.. tomorrow is real long time
Are you still alive ?
I am not sure if the 388 monster will catch us . But I am sure Dec contract will be below 500. Time will tell.
I admit this is very possible but I don't know about guaranteed. I really think 388 is just ridiculous in the absence of some kind of global financial disaster/markets breaking incident
Gap 388 too close to be missed lol
oil will flush very badly too so the whole picture will fits
Planning to buy some December contracts today. Absurdly cheap. Might be a little bit more downside but I think we're just about at the limits of the insanity.
crude oil up 3% today
I am also adding my buy more and wait for wasde or sell before wasde
long scalp
In before US open. Out after US open pump. Looking for a swing near 52w low
buy at 518 for 525
Wasde report was bullish and this commodity is going down. Fundamentals nothing against manipulation
I don't think this really trades on fundamentals. It trades on positioning, fear, and greed like just about everything else. The positioning is at the most extreme net short ever for the grain complex.
Hopefully 24 is holding :(
Gotta get everything else to sell off for buying grains.
Without going into depth about the bullish fundamentals or technicals, the way I see it is: Max downside on this trade is 480-490 and max upside is 1400-2100. It's very rare to get a trade opportunity where the risk/reward is so heavily skewed to the upside like this. I don't think the 1400-2100 is a pipedream either. Unfortunately, the cards are in place for that to happen. One headline could change everything.
Gap 388 is watching all of us (long time crappy trapped bullls) lol
Maks, your favorite 388 is close :D :D
european etfs lev3 🫣
3x keverage?
thats it for a -80% longtime bag
I don’t think so there is any chance for rise today :(
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