Wheat Enters 2022 Acceleration Cycles; Projects Surge to 2008 High (~1335/W).
Wheat Enters 2022 Acceleration Cycles
11/30/21 – Soybeans, Corn & Wheat are mixed with Wheat expected to extend its evolving bull market… As stated last month, Wheat had signaled a secondary low in Sept. and was expected to initially advance into mid-Nov ’21. That was seen and Wheat – along with Soybeans & Corn – entered corrective phases in late-Nov. That could/should spur intermediate lows in early-Dec. and the onset of a new advance in Wheat.
On a longer-term basis, Wheat remains likely to surge above 950.0/W as part of this unfolding rally. After building a ~4-year base, Wheat’s breakout higher could catapult it to its highest levels since 2008… near 1335/W. It has formed its own range-trading pivot points near 425, 600 and 775/W. The next phase is ~950 (and then 1125/W)… [refer to latest publications for current outlook and trading strategy].”
Wheat Cycles Focused on Early-March & Late-June ’22 for Decisive Peaks.
Soybeans & Corn Portend New Advances in 2022.
40-Year Cycle Transition (2021/2022) Often Most Volatile!
http://40yearcycle.com/pages/40-year-cycle-food-crisis-cycles-vii/