Chicago wheat is powering up higher after taking 700 resistance
level overnight on the front month contract. My target is above 800
based on the cycle work. A temporary seasonal top is reached in
late April or early May.
Soybean meal will be another buy. It bounced of its support (a
demand zone) and rallied. I am aiming at 425 level as the low of
the year, if we could get there. The chart is
here.
Chicago wheat is powering up
Posted by junkie on 29th of Mar 2023 at 09:01 am
Chicago wheat is powering up higher after taking 700 resistance level overnight on the front month contract. My target is above 800 based on the cycle work. A temporary seasonal top is reached in late April or early May.
Soybean meal will be another buy. It bounced of its support (a demand zone) and rallied. I am aiming at 425 level as the low of the year, if we could get there. The chart is here.
barchart.com
Soybean Meal May '23 Futures Interactive Chart - Barchart.com
Customizable interactive chart for Soybean Meal with latest real-time price quote, charts, latest news, technical analysis and opinions.
Nice
Posted by steve on 29th of Mar 2023 at 09:02 am
Nice
Still in this we have
Posted by RP on 29th of Mar 2023 at 09:32 am
Still in this we have to eat ....and we have to drive soooooooo
seven years of surplus then
Posted by retirefire on 29th of Mar 2023 at 09:35 am
seven years of surplus then seven years of famine? Makes you wonder if history repeats?