Hard Red Wheat Jul '24 (KEN24)
Seasonal Chart
Price Performance
See More| Period | Period Low | Period High | Performance | |
|---|---|---|---|---|
| 1-Month | 566-4 +6.62% on 07/10/24 | | 641-4 -5.85% on 06/13/24 | -33-2 (-5.22%) since 06/12/24 |
| 3-Month | 566-4 +6.62% on 07/10/24 | | 746-2 -19.06% on 05/28/24 | +17-0 (+2.90%) since 04/12/24 |
| 52-Week | 543-2 +11.18% on 03/06/24 | | 873-0 -30.81% on 07/25/23 | -163-6 (-21.33%) since 07/12/23 |
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Warsh held the rate but raised the dots — and for the first time in this cycle, the next move the Fed is talking about is a hike. View modified trading schedule for Juneteenth
Wheat is looking at 3 to 5 cent losses in the winter wheats, with spring wheat higher so far on early Thursday trade. The wheat complex led the bulls charge on Wednesday, with contracts showing double...
Soybeans are trading with early Thursday losses of 11 to 12 cents so far. Futures saw marginal gains of 2 to 3 ¼ cents in most contracts on Wednesday, with most contracts fading the USDA export sale announcement,...
Corn prices are down 3 to 4 cents so far on Thursday morning. Futures kicked it into rally mode into Wednesday’s close, with contracts 5 ¼ to 7 ¼ higher on the day. Preliminary open interest was up...
With another US holiday on the calendar for Friday, Thursday is the last trading day of the week, and it promises to be a doozy.
Again, combining Scott's comments, and the chart, leads me to continue to work aggressively towards protecting what is available, and continuing to hope for further follow through to the upside.
Funds Aggressively Short in Chicago Wheat
The corn market had recently seen bouts of strength but had been failing to maintain gains. Corn prices maintained early strength for once with strength spilling over from double-digit gains in the wheat...
Soybeans saw marginal gains of 2 to 3 ¼ cents in most contracts on Wednesday, with most contracts fading the USDA export sale announcement this morning, 6 to 8 cents off the highs. The cmdtyView national...
The wheat complex led the bulls charge on Wednesday, with contracts showing double digit gains across the front months. Chicago SRW contracts were rallying, as front months were up 11 to 17 cents and deferreds...