In this video I go over one of my favorite markets the Wheat market and its current conditions and it's developing stories from dryness in the Kansas City Area a major producer of HRW wheat to war torn Ukraine and potential disruptions there. And with a market that is very heavily shorted by large managed money speculators this leaves a market very vulnerable to sharp short covering spikes like we saw today. Overall I would still be careful I am personally am waiting for a retest of the current breakout but with us closing above the 50 day moving average and some potential catalysts beginning brewing I believe there could be opportunities that the majority of people will just shrug off. So stay tuned for more I defiently plan on making more videos about wheat and corn and feel free to message me I am always trying to learn more!
ZW1!
KE1!
XW1!
MKC1!
WEAT
ZW1!
KE1!
XW1!
MKC1!
WEAT