Anyone who has talked to me this summer knows I have been bearish wheat.
Heck, we became Bearish during summer 2022 with our strategy Sell Signals triggering last October.
Those Sell Signals worked well as we beat our Price Index Average by 8% and came with 4% of the crop year high.
However,
Our goal is to achieve the top 10% of the market.
We do not expect to get the highs.
We do not market that we will get the highs.
Others can play that game.
We will not.
Are we still Bearish?
Will this trend change?
At what point will we become Bullish?
Let us look at the charts to find some clues.
MGEX HARD RED SPRING WHEAT FUTURES WEEKLY CHART
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