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US Wheat Futures - May 24 (Wc1)

CME
Currency in USD
Disclaimer
548.25
+0.75(+0.14%)
Delayed Data

US Wheat Futures Discussions

If I bought a contract for this and sold it at when price hit 700 how much money would that be?
I just starting to try to get into futures market I opened account few weeks ago haven't funded it yet.
buying again!!! too cheap!! just buy and wait!!! buy everything!!! cheap commodity! CHEAP FOOD!!!
Maybe a disaster is approaching, corn and soybeans could break weekly lows, wheat will be horrible.
to exit lol that's horrible thinking. weak people all over the world crazy thoughts you have
Prices remain predictable, there will be no cataclysm (maybe just AAPL to fall abruptly).
Maks, I will accept that there is a healthy amount of corn out there but the wheat stock/use ratio is at its lowest in a decade or so. A significant portion of the wheat that is out there is confined to an area of the globe that is at risk of geopolitical turmoil. I don't see how you can make the argument that wheat is more abundant than usual right now because the opposite is actually the case.
When we think is going to pump 😂😂
closes my longs with 55% profit
Certainly will break through 7.00 can it get to $10.00 this year. What could drive it above $10.00
Market might start reacting to happenings out of rus/ukr again
The wheat forum is so tranquillo. Makes it even nicer to see it going up.
That's how it always goes I guess. Retail rides it down and throws in the towel right before the recovery. Denies the recovery as it happens and buys back in at the top. Rinse and repeat.
9 weeks in a row without breaking highs
One headline and this could double or triple in a couple months. Not sure how the army of hedge fund shorts sleeps at night. They are squeezing juice from an orange that has already been juiced for years. Not sure how much good stuff is left in there.
thats it!! I think so, too.
560 again ?
No way! No sense
0.60% up at the opening...we are ready to skyrocket!!!
According to the WASDE report, we have: March 2020: ending US stock wheat=940, ending world stock wheat= 287.14, price =around $5.30 March 2024: ending US stock wheat=673, ending world stock wheat=258.83, price =around $5.30...so we have 267 million bushels less now of US stocks compared to 4 years ago and 20 million metric tonns in world stocks), and the price is basically THE SAME. in Million bushels, according the WASDE report. Oil was in March 2020 less than 40 USD, now its 80 USD... For me, that is a sign the market has reached a bottom, and I have pressed the BUY button.
How are you able to turn a profit on wheat at these prices?
There is no profit..
What is the incentive to plant then? It's weird seeing the values of agricultural land skyrocket while the profitability potential of said land has plummeted.
Sleepy Joe is doing a great job fighting hyperinflation, farmers would appreciate also a big smash to oil price that would be a complete job for a sure re-election imho
Max Mars retold Gap388 10000 times. Expect a big jump soon. BUY WHEAT. I have made a fortune so far doing the opposite of his words
How can you made money with Wheat keep flushing ??? Maybe you catched every deadcat bounce and runaway lol
Garbage
Gap 388 will be a great buy lol
Guys whats your highest? :(
Why so cheap and still red…
The world is abandoning USA wheat. the world doesn't like the USA anymore. How will the US take power and control back?
ya let the gov give every farmer 150% of their previous year per acre gross to not produce any or to go take over foreign farm land and then burn it
Glenn better than giving it to Ukraine and Israel
Sounds like socialism to me
These fluctuations make zero sense. How can the price of wheat move $20 over the course of two hours (527-547)? That is absolutely plain stupid, nothing short of it.
Total cancellations up to 18.5 million bushels as of today
What does it mean?
3rd day in a row of cancellations, trade was expecting almost 2x that so goes the theory behind the bounce
Anychance for 560 near time?
Yes. Always one direction after WASDE. Its a safe play ( next 3 sessions )
Another flash cancellation. Sounds like they’re switching to hrw from soft
Ron whats your thougts?
Hammer bottoms?
soft wheat is garbage wheat
They must push this lower than you think it should go. $4.90 in March or April. Then off to the races to $9.00
I'm a buyer at $4.90
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