Wheat Futures Price Action

6.50/ 6.61/ 6.93 and 7.17 the rest are in the chart below.

 

and weekly chart for longer term:

 

The predicticator likes what it sees. It has upgraded the OB level to 689.54.

 

https://www.zerohedge.com/geopolitical/wheat-rises-grain-ship-black-sea-hit-mine



Wheat Rises As Grain Ship In Black Sea Hit By Mine


BY TYLER DURDEN

FRIDAY, DEC 29, 2023 - 04:50 AM

The war in Ukraine has transformed parts of the Black Sea into a conflict area. Commercial vessels transporting agricultural goods from the 'breadbasket of Europe' have been caught in the crossfire.

The latest maritime incident occurred on Wednesday when a Panama-flagged bulk carrier struck a mine in the Black Sea while sailing to a port on the Danube River to load grain, according to Reuters.

"A Panama-flagged civilian vessel was blown up on an enemy sea mine in the Black Sea ... The vessel lost its course and control, and a fire broke out on the upper deck," Ukraine's southern military command said on Telegram.

Bloomberg shipping data shows that the Greek-operated "VYSSOS" is possibly beached near the Danube Dela Biosphere Reserve. This could be because the captain is preventing the vessel from sinking after the blast.

 

Monthly, wheat is still in decline. Be careful.

 

The damn thing dropped on me today. I'm still feeling bullish though. We'll see how it goes next week.

 

That means, oh my god , the price can only go up.

 

You're becoming a real-life Bobby Valentine 'round the forum these days...