Nearby CBOT soft red winter wheat futures rose to a record high of $14.2525 in March 2022. At the most recent November 2023 low, the price was almost one-third the level at the 2022 all-time high. Wheat...
This post is just to show why we feel the Fibonacci retracements are the underlying structure of all markets. It Is Everywhere.
WEAT and Wheat (Futures) have been in prolonged moves down. The last two big tops on 10/10/22 and 6/26/23 were stopped by a 38.2% retracement.
Jim's video discusses the markets in soybeans, natural gas, sugar, cocoa, and coffee.
Crude oil and wheat are the two most political commodities. Russia has a significant role in worldwide petroleum prices as the most influential non-member of OPEC, the international oil cartel. Russia...
Jim Roemer on the El Niño-driven bull market in sugar
Jim focuses on the price dynamics of harvest pressure (or lack thereof) on certain crops
Jim's video details the history of weak/strong El Niño events vs. negative/positive GLAAM in order to predict the probable behavior of specific commodity markets.
In Jim's video, he details the role that teleconnections play in global grain weather. In addition, he addresses seasonal probabilities at this stage of the current crop.
Jim's video explains the role that teleconnections play in global grain weather. He also addresses the seasonal probability factors at play.