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US Wheat Futures - May 25 (Wc5)

CME
Symbol
Exchange
Currency
ZWDerivedUSD
Wc1CMEUSD
Wc2CMEUSD
Wc3CMEUSD
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Currency in USD
Disclaimer
685.00
-2.50(-0.36%)
Delayed Data

US Wheat Futures Discussions

112 million MT wheat production in India RMS 2024, sufficient wheat stock available.
Good moment to change position and buy
Ok so we go to 585 575 omg!
Correction of 150 points! Thats bizare
retailers trapped bulls and Russia to be punished lol 🫣
Wtf the correction with bonds going down and oil going up lol, again this lie
Is it bloodshed today ?
its a now or never situation, if it won’t bounce here expect to catch it 400s lol 🫣
For better or worse, wheat is the king of overreacting to both the upside and the downside. It's just silly for this market to move 3-4% day after day but that's the world we live in when the speculative paper-trading funds are in control. Whether you are a bull or a bear, it's hard not to admit that this market is always just one headline away from a monstrous short/supply squeeze.
Almost seems like a colluded effort of MM to one way trading.
Had a short at the top here but decided to get out at the first tic of green as I do not see a downside today.
I should have stuck with that one a little longer. There's tomorrow.
Nice recovery. I drove through Western Kansas a couple of weeks ago and shorter wheat, not as good as last year for sure. Dose not say much I know. Stuff has moved 20 cent back and forth. WASDE coming.
Doubt they’ll cut wheat numbers
Cut to Russian crop but still above most estimates
New crop estimates cut slightly for the US which was not in line with trade expectations
As a consolation, it will not drop below 550 this summer ( June-August).
I guess the harvest dip is coming early.
Harvest is rolling some parts of the US already, week or two ahead of average
The fiscal deficit of developing countries is often discussed and criticized, but this time the International Monetary Fund (IMF) has warned about the fiscal deficit of the United States itself. They said, the financial crisis of the United States will intensify if the fiscal deficit is not resolved now.
What a Disaster wow! 110 points down, impossible
We are in deep s***t
worst deal ever done (apart some fraud with gas and nickel) to bet on long wheat 🫣
this s**t ate my account, nice bye
Wtf
was lol (what a slump)
Record wheat production forecast in India......
Record wheat production is forecast in India during the 2024-25 production season (April-March). Due to the favorable weather conditions, the wheat yield in the country is expected to be good. The US Department of Agriculture's Foreign Agricultural Service (FAS) has given this information in a recent report. News worldgrain.com.
570 there we go. I can’t believe!
Going for that 12th daily red candle?
Waiting to reach 600. That will be ideal for buying in big volume.
620 looks like a decent buy, never caught any bounces before though
As i said below, 620 is about to touch
Said price hit , now it must go up for new few days . Letss hope and good luck
750?
Corn and soybeans start to recovery. However now we have wheat very weak. I’m starting to become afraid to return to 570.
never been so easy to sell hedge funds rules lol
This is a massive support level, pattern looks bullish dollar losing value. It will probably be back at 700 in a week or so
In a long term position yes. But for now its a nightmare and I can’t see this 700 in a week, maybe 570 haha
The National Meteorological Service of Argentina expects little rainfall in the country over the next three months. During this period, the harvesting of corn and soybeans will be completed, and the sowing of the new wheat crop will take place.
Should bounce back to 680 from here if not then 620 on print
There it is
650 gap closed. Maybe 620 next
650^
Now will be very difficult to break the 680 point looking weekly chart. We are done
Not a good moment to close gap. Bonds going down and oil going up. It means can continue to 630-600. Thats very ugly to the short term
Or a rally in the afternoon to wipe out all those new shorts?
Dont see that. Would be our dream. We need to close the week near to 680 but I dont see that too.
Ya a close below 650 wouldn't be great
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