July 21 Kc Wheat

May 17, 2022

July 21 Kc Wheat. The chart is pointed upward. Corn was up 29¢ and beans +58 3/4¢ (with matif +11.25€, winnipeg +$27.6).

July Kansas City Wheat Breakdown Darin Newsom Analysis
July Kansas City Wheat Breakdown Darin Newsom Analysis from darinnewsom.com

Chicago wheat and kc wheat are the global industry standards for wheat price risk management, while newer black sea wheat and australian wheat contracts provide price discovery and trading opportunities on emerging grain markets around the world. Kc hrw futures held onto most of their gains by the bell’s toll and went into the weekend 4 1/4 to 6 cents higher. Old crop corn futures dropped 6 1/4 cents on friday, but closed off their lows and with may under the $8 mark.

Usda’s Daily Ethanol Report Showed Corn Oil Prices Breached 80 Cents/Lb For The First Time Since Early.

Once again the kc wheat has fallen below the chicago wheat. New crop prices dropped by more, with a dime to 14 1/4 cent losses. Technicals are pointed upward so no topping action in kc wheat.

Wheat Prices Are Also In An Uptrend And Wheat Also Had An Inside Trading Day.

Of 2005 has traded at 3.25 or higher…13 of last 15 years Technical indicators have been turning down but we have stabilized over the last couple of days. Macros saw crude up about half a buck to $71.6 wti /.

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Last Updated 23 Apr 2022 06:38:18 Pm Ct.

Dollar index is trading down 0.03 at 96.52. The market has made a new structure low and has become extremely oversold at this current level. The cme announced daily winter wheat trading limits will be reduced to 70c/bu beginning may 2nd.

The Contract Is Indeed Nearing The Danger Zone With Thursday’s Close Of $5.11 1/4 Just A Hair Above The Low Weekly Close Of $5.11 From The Week Of November 19.

January soybeans closed up 15 3/4 cents and march soybeans were up 18 cents. A bounce off the cloud last week and follow through to the upside so far this week. September chicago wheat ended up 22 3/4¢, kc +21.5¢, minny up a dime, and matif +3.75€ on the earlier close.

It Is Very Similar To The Intermarket Wheat Spread I Wrote About In November.

We did turn around and close at $4.21, a nickel off the low but it was still sharply lower on the day. Spring wheat futures led the complex on monday, gaining double digits of as much as 16 1/2 cents in the front months. Corn was up 29¢ and beans +58 3/4¢ (with matif +11.25€, winnipeg +$27.6).