Wheat: LRC 400% at 666.25 lost, short againI closed my first wheat short at 673'6 when the breakdown below 681.75 stalled on 666.25, the quarterly LRC 400% level. That level held for a week of small bars, with every dip bought. Today it gave way: price is trading at 660'6, below 666.25 and below the lows of that whole pause.
The structure b
Compare with Mini-sized Chicago SRW Wheat Futures (Mar 2025)
Contract highlights
Wheat: HRC 1/2 at 681.75 lost, shortWheat ran from the 626'6 August low to 795'0 at the start of September, a 27% rally in four weeks. It has been stepping down ever since. The first leg lost the 719.43 zone, the strongest S/R model level in this area (clustered swing pivots going back to 1969), and that zone then capped every bounce
CBOT Wheat — Pullback Holds Support, Next Leg Higher in FocusWheat continues to behave beautifully from a technical standpoint.
We recently saw price fail almost exactly at the Fibonacci extension at 792. Since then, the pullback has retraced straight back to the first level of support at 711 — the July 2026 high — and that prior resistance is now acting as
Incremental analysis of wheatWheat remains structurally bullish.
Strong liquidity inflows, highlighted by the rising volume profile, support further upside toward the previous record high. Renewed Black Sea disruptions, Russia–Ukraine tensions, tighter U.S. wheat supply, and adverse weather risks are reinforcing the bullish fun
COT 101 · Lesson 05 — Net Positioning Extremes🔵 WHAT "EXTREME" MEANS
A net position is extreme when it sits at the edge of its own history — the highest or lowest reading in 6, 12, or 24 months. Not "high", not "low": the outer band of what this market has actually seen. The next lesson gives this a precise number.
🔵 WHY WHEAT
The earlier
Chart of the Week: CBOT Wheat FuturesWheat has been one of the standout movers of 2026, trending sharply higher for most of the year — and the past six weeks have brought a marked acceleration to the upside.
Notably, this week's high landed almost exactly on one of our Fibonacci extensions at 792/bushel — the 1.618 extension of the m
Grain Under Fire: What Wheat Is (And Isn't) Pricing InWheat has surged 30.8% since June 30, breaking out to trade above its May 2024 high for the first time. Following an initial rally in July, prices spent most of August consolidating. A sharp single-session spike late in the month reignited the upward trend, driven by escalating Black Sea disruption
Can Wheat Futures Trigger a Global Crisis?Geopolitics, Geostrategy, and Macroeconomics
Chicago wheat futures recently surged to three-year highs near $7.70 per bushel. Intensifying warfare in the Black Sea region directly threatens critical grain export terminals. Russia and Ukraine historically supply over twenty-five percent of global wh
ZW1! 1H: Descending Channel Breakout & Resistance Reclaim1. Market Context
On the 1H chart, Wheat Futures (ZW1!) broke out above the purple descending channel. Price bounced strongly off the "Buyer" base and is currently pressing against the key horizontal resistance at 656'2.
2. Trader Behavior & House Trap Analysis
• Where Traders Place Orders: Seeing
Buying a Triple Bottom - Action-Reaction System
For the Action-Reaction System, double bottoms and double tops are treated as true support and resistance. Whether prices have a tendency to break that structure at some point is irrelevant to the problem of what the current trend is. The current trend may be moving away from them or moving to them
See all ideas
A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently asked questions
The nearest expiration date for Mini-sized Chicago SRW Wheat Futures (Mar 2025) is Mar 14, 2025.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell Mini-sized Chicago SRW Wheat Futures (Mar 2025) before Mar 14, 2025.









