Wt Wheat Discussion Threads

[win2003] 23/4/2024 13:21

Michael Oliver on commodity momentum studies, DYOR etc...

[skyship] 22/4/2024 15:19

WEAT - breakout! Not a very active BB it would seem!



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[skyship] 14/9/2018 17:06

Bought back in for a few today - surprised to see them trade all the way back to 62c when surely the global harvest must have suffered somewhat from the global drought conditions...

[bobdouthwaite] 29/6/2015 12:49

Weekend FT reports it's too wet in the US Midwest and too dry in Canada and France - no mention of Ukraine.

[skyship] 27/6/2015 13:58

I wondered what caused that rise. Certainly the dry Spring here in SW France has stopped the grain from pumping up. Is the recent hot weather hitting the important Ukraine crop?

[bobdouthwaite] 26/6/2015 18:34

Wheat futures up on weather worries to-day.

[praipus] 06/5/2015 09:19

I've listed ETF's that track the most highly traded commodity futures on the ETF thread.

[p0pper] 06/5/2015 08:27

Does anyone still trade this etf, if not anyone any suggestions as to any other wheat etf's please, tia

[skyship] 31/1/2015 12:42

Hi BT - when it dropped through the base of the Reverse Head & Shoulders (& then thru the 50day MA) the target appeared to be 102c. But the weakness perhaps suggests it could totally unravel the Atumn'14 bounce and further relapse to 97c. Then what?

One for brave or foolhardy punters only! But will continue to Monitor...


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[badtime] 30/1/2015 19:06

Up to you Sky :)

[skyship] 27/1/2015 16:26

c2i - looking at the oversold RSI, is it perhaps time to go long again?


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[skyship] 24/10/2014 09:15

c2i - well done you, nicely timed!

[contrarian2investor] 24/9/2014 15:58

No posts for a while.
So my guess is that I am on my own going LONG S/B WHEAT today.

[praipus] 12/9/2014 10:33

Sorry,

If you like commodities and systems trading Have you read "Way of the Turtle" by Curtis Faith?

The trend has to change at some point but something has been putting pressure on the entire grains complex.


Why not get the short ETF until the trend changes?

[praipus] 12/9/2014 10:25

I know below the support level :)

[badtime] 10/9/2014 21:02

glad to be out of this...anyone care to guess where the bottom is.

[badtime] 26/8/2014 13:00

I'm out at b/e

[contrarian2investor] 26/8/2014 12:38

I sold half my WHEAT S/B SEPTEMBER LONG today.

[badtime] 06/8/2014 18:57

took a nibble yesterday at 115...small enough to not bother if the rally is short

[contrarian2investor] 06/8/2014 18:39

Last weeks low near the ETF level of 1.10 now providing a strong bounce and finding buyers. I increased my S/B SEPTEMBER LONG today. Now the question is, how high can WHEAT go and how long will its rally last? c2i





Wheat Climbs to 3-Week High on Demand Outlook After Rain

Wheat rose to the highest in a month in Chicago on speculation that quality damage to crops in Europe will increase demand for supplies from the U.S., the world's biggest exporter.

Excess rain during the harvests in France and Germany may have cut grain quality and increased the amount of wheat that will be graded for livestock feed, the U.K.'s Agriculture & Horticulture Development Board said today. U.S. export sales of wheat were 801,007 metric tons in the week-ended July 24, up 81 percent from a week earlier, according to the U.S. Department of Agriculture.

"With the prospect of a quality related shortfall of milling wheat in Europe, demand for U.S. wheat can be expected to rise," Carsten Fritsch, an analyst at Commerzbank AG in Frankfurt, said in an e-mailed report. "Heavy rain in France hit the quality of the wheat crop there badly last month, and a large part of the wheat can now only be used as fodder. A setback is feared for Germany and Poland too."

Wheat for September delivery rose 1.1 percent to $5.585 a bushel at 6:55 a.m. on the Chicago Board of Trade, after earlier touching $5.65 a bushel, the highest since July 7. Prices reached a four-year low of $5.185 on July 29 amid prospects of ample world grain supplies.

Milling wheat for November delivery in Paris rose 1.1 percent to 176.75 euros ($235.84) a ton on Euronext. The grain is up 3.7 percent since the end of July.

Soybeans for November delivery fell 0.4 percent to $10.615 a bushel. Futures reached $10.54 on Aug. 4, the lowest since October 2010. Corn for delivery in December was little changed at $3.67 a bushel.

U.S. corn and soybean crops may rise to records at 14.25 billion bushels and 3.815 billion bushels, respectively, higher than the USDA previously estimated, according to a Bloomberg News survey. The USDA is scheduled to update its forecasts on Aug. 12.

[skyship] 05/8/2014 12:24

Yes, love that programme almost as much as the Tweet of the Day that follows!

Don't you love the name of the occasional producer of Farming Today - Ann-Marie BULLOCK. Great name...

[skyship] 02/8/2014 18:19

Hi all

Having failed to breakout through the 160c resistance, regrettably WEAT dropped through the 140c support whilst my internet was down for 10days in May. I may well not have sold - certainly not as quickly and as well as Badtime - but I think I would have cut if I had known.

Instead, I continue to hold & am wondering whether to average down from my original 147c entry - especially as only a 3% allocation.

BT played it well - suspect I will follow his play...