Long position holders of Durum will want to review our previous Durum analysis.
We track our analysis against various benchmarks.
Our strategy Take-Profit Price Target is 8% or $0.96 per bushel above the crop year index average price. This Target was reached in November.
If one made equal monthly sales throughout the crop year, the average sale would be $0.96/bu less than our Take-Profit Price Target.
Our strategy Take-Profit Price Target is 99% of the crop year index high price.
Our strategy Bearish Sell Signal telling us to exit our Long positions, was triggered in January, $0.88/bu above the average price of the crop year index.
We will begin with a look at the US Durum Index chart before moving to the Saskatchewan charts.
Keep reading with a 7-day free trial
Subscribe to Klarenbach Grain Report to keep reading this post and get 7 days of free access to the full post archives.