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US Wheat Futures - Sep 24 (ZWU4)

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522.75 -14.25    -2.65%
16:46:03 - Closed. Currency in USD ( Disclaimer )
Type:  Commodity
Group:  Agriculture
Unit:  1 Bushel
  • Prev. Close: 537.00
  • Open: 537.00
  • Day's Range: 522.10 - 541.30
US Wheat 522.75 -14.25 -2.65%

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US Wheat Futures Discussions

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Jefferi Guacamoliss
Jefferi Guacamoliss 5 hours ago
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Long term chart looks very similar to June and July 2010 right before the price doubled.
Jeremy Lin
Jeremy Lin 4 hours ago
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And lots of things different now. Cost of production...fertilizer, machinery, labor. US wheat needs $600s for minimal profit even with subsidies.
Mahmoud Reda
Mahmoud Reda 7 hours ago
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Diving
Mahmoud Reda
Mahmoud Reda 7 hours ago
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Imagine easily 2.5% for no reason at all
Brendon Boufleur
Brendon Boufleur 7 hours ago
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Only hope is To fail next week or we go To 460
Jeremy Lin
Jeremy Lin 7 hours ago
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Curious where you're getting these numbers? thanks
sharp madoff
sharp madoff 8 hours ago
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double bottom, buy like there is no tmrw xD
Jeremy Lin
Jeremy Lin 8 hours ago
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Triple bottom going back to March.
Jeremy Lin
Jeremy Lin 8 hours ago
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And had a hail Mary buy order that just filled. Lol, people selling at the bottom.
Your Futuure
Your Futuure 8 hours ago
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Lets hope it goes up from here. Would be nive will a relief rally on Monday
Your Futuure
Your Futuure 8 hours ago
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We mighy be wrong again. Hard to say if it finds a new bottom.
Brendon Boufleur
Brendon Boufleur 9 hours ago
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We have 2 Dojis To break down. 16 of july in daily chart which low is 525,25 and march in monthly chart which low is 523,5. The only hope for us, is to fail. But nothing to do before that.
Brendon Boufleur
Brendon Boufleur 9 hours ago
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Unfortunately I think it Will break and we go To 460. Thats bizarre! We have no reason to come so down after a very beautiful movement to 720!
Your Futuure
Your Futuure 9 hours ago
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I know but hoping once again this is the floor.
Maks Mars
Maks Mars 9 hours ago
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2026 will be a bullish year lol
Jeremy Lin
Jeremy Lin 11 hours ago
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And just because the market is over looking Black Sea region, I'm not. Don't get distracted. Fundamentally and technically, this will bounce from here.
Brendon Boufleur
Brendon Boufleur 9 hours ago
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Technically? Bro, have you seen weekly and monthly chart? What are you looking that you see something technically positive?
Jeremy Lin
Jeremy Lin 9 hours ago
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Seeing that this $530S area has been a major level of support on the entire year. Zoomed out and I see how this area is often a pivot area going back about 10 years. I don't have boots on the ground but unless the commercials are wading through a pile of old crop, I can't see much more selling at this level. Already selling for breakeven.
Jefferi Guacamoliss
Jefferi Guacamoliss 5 hours ago
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This is the big one right here. Even if the WW3 issues didn't exist, wheat would be cheap at this level, mostly due to inflationary pressure on cost inputs. Add in the fact of what's going on in the world's breadbasket and cheap is an understatement. The market is completely ignoring that risk which could reassert itself at any moment
Manikandan Ganesan
Manikandan Ganesan 12 hours ago
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But this is good time to buy more as this is $530+
Mahmoud Reda
Mahmoud Reda 12 hours ago
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Lol
Brendon Boufleur
Brendon Boufleur 11 hours ago
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I think you can wait until 520 - 490 or less.
Jeremy Lin
Jeremy Lin 11 hours ago
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$530s seem to be holding as a consolidation pattern for now. If the weather forecast holds true over the weekend, I would expect somewhat of a relief rally starting Monday.
Brendon Boufleur
Brendon Boufleur 12 hours ago
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Horrible weekly and monthly candle. There is no chance to go up here
Your Futuure
Your Futuure 13 hours ago
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Can this just go to zero and restart?
Show previous replies (2)
Mahmoud Reda
Mahmoud Reda 13 hours ago
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380 :D
Jeremy Lin
Jeremy Lin 13 hours ago
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Maks Mars
Maks Mars 9 hours ago
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Gap 387.5 i cant forget it lol
Robert Hou
Robert Hou 8 hours ago
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@Maks Mars, Would you please explain why the ridiculous level -- 388 is calling ?
Maks Mars
Maks Mars 8 hours ago
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I do not explain anything, i m just an observer with a good memory…my condolences anyway lol
Jeremy Lin
Jeremy Lin Jul 25, 2024 9:28PM ET
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Hazardous weather conditions forecasted beginning this weekend and lasting through early Aug.
 
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