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Rapeseed May '23 (XRK23)
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A long Chicago Wheat calendar spread checks a lot of boxes

This week I will highlight a Chicago Wheat calendar spread that was published in the SpreadEdge Newsletter this past weekend.

Grains/Livestock Overview and Next Targets

Educational and Actionable Information using Fibonacci and W.D. Gann Analysis

ZSN23 : 1352-4s (+1.73%)
ZLN23 : 49.50s (+3.43%)
ZWN23 : 619-0s (+1.35%)
ZCZ23 : 541-2s (+2.12%)
LEQ23 : 172.900s (+0.30%)
Record highs in cattle complex while grains bottom

Wheat harvest started in TX & OK

A Closer Look at the Corn Market

A closer look at the chart, how funds are positioned, seasonal tendencies, and weather outlooks.

Wheat Futures Rally on Friday

July SRW wheat saw a wide 20 cent range on Friday from -8 to +12 cents. At the close the board was 8 to 9 cents higher with July at a net 3c gain for the week. Front month HRW futures ended the session...

ZWN23 : 619-0s (+1.35%)
ZWU23 : 632-2s (+1.28%)
ZWPAES.CM : 5.6821 (+1.57%)
KEN23 : 812-2s (+1.21%)
KEPAWS.CM : 7.7344 (+1.10%)
MWN23 : 807-6s (+2.38%)
Soymeal Missed Out on Friday Rally

Most ag markets saw strength into the weekend, though meal futures were down $1.70 to $3.60 for the settle. July soymeal was down a net $4.40 for the week. Soybean prices ended the session with double...

ZSN23 : 1352-4s (+1.73%)
ZSPAUS.CM : 13.2261 (+1.59%)
ZSQ23 : 1262-4s (+1.49%)
ZSU23 : 1192-4s (+1.30%)
Double Digit Friday Gains in Corn

After a highly contested week the corn market finished in the black. Aided by double digit gains on Friday, July was up a nickel for the week and Dec up by 6 3/4 cents from Friday to Friday. USDA cited...

ZCN23 : 609-0s (+2.78%)
ZCPAUS.CM : 6.3942 (+2.41%)
ZCU23 : 535-4s (+2.15%)
ZCZ23 : 541-2s (+2.12%)
Livestock Report

Cattle and Hogs rock

How the Alberta fires have affected some commodities

Jim Roemer's video explains the causal relationship between these drought-driven fires and their impact on certain crops

SBN23 : 24.73s (-0.60%)
CTZ23 : 81.85s (+0.33%)
ZSX23 : 1183-6s (+1.26%)
ZCZ23 : 541-2s (+2.12%)
ZWN23 : 619-0s (+1.35%)
KEN23 : 812-2s (+1.21%)
NGN23 : 2.172s (+0.65%)
Grain markets had an impressive rally to round out the week, here's how things shook out at the close.

Some of today’s strength may have come on the back of weather premium working its way back into the market ahead of the weekend. Many top producing states have been hot and try and some forecasts show...

Barchart Exclusives

Where are Corn, Soybean, and Wheat Prices Headed in June?
I was interviewed this morning by Michelle Rook on AgWeb's Markets Now. We discussed the recent action in the grain markets and the surge in cattle prices. Read more

Barchart Grains News

Wheat Futures Rally on Friday
July SRW wheat saw a wide 20 cent range on Friday from -8 to +12 cents. At the close the board was 8 to 9 cents higher with July at a net 3c gain for the week. Front month HRW futures ended the session 9 1/2 to 9 3/4 cents... Read more
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