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An Elliott Wave analysis of hard red winter wheat futures says prices printed a decade-high in May 2022 at 1225 and expects a short-term pullback before a rally toward 1500. The piece also discusses the long-term price cycle since 2008.
This is technical chart commentary with no new supply or demand event, so it has little direct bearing on feed prices.
graincentral.comGuest AuthorJul 31, 2022Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
