Wheat aiming at ATH this summer
> Wheat (Triticum aestivum L.) is the most important crop in the world in terms of area harvested, and is one of the world’s staple foods. It provides about 20 % of the total dietary calories and proteins worldwide.
> However, wheat has a defect, each degree-Celsius increase in global mean temperature, on average, reduces the global yields of wheat by 6.0%. Other important cereals are also affected; rice by 3.2%, maize by 7.4%, and soybean by 3.1%.
medcraveonline.com/O...erance-in-wheat.html
medcraveonline.com/O...erance-in-wheat.html
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Now, without science, it is clear that Wheat futures are in middle of a brakeout.
It seems speculators and market makers are already all over it for fundamental and technical reasons. I expect old high to be tested by end of the summer (late September).
> However, wheat has a defect, each degree-Celsius increase in global mean temperature, on average, reduces the global yields of wheat by 6.0%. Other important cereals are also affected; rice by 3.2%, maize by 7.4%, and soybean by 3.1%.
medcraveonline.com/O...erance-in-wheat.html
medcraveonline.com/O...erance-in-wheat.html
__________________________________________________________________________________________
Now, without science, it is clear that Wheat futures are in middle of a brakeout.
It seems speculators and market makers are already all over it for fundamental and technical reasons. I expect old high to be tested by end of the summer (late September).
تعليق:
Still looking real good.