Trent Klarenbach of Klarenbach Research discusses Hard Red Spring wheat prices on the Minneapolis Grain Exchange and in Saskatchewan as of October 4th, 2024.
The analysis includes examining weekly and daily price charts, noting support levels, resistance, moving averages, and potential market movements.
Key observations include a recent price rally, the influence of the anchored volume-weighted average price and moving averages, and the potential formation of an inverse head-and-shoulders pattern in the Saskatchewan market.
Video Timestamps
00:00 Introduction and Overview
00:18 Weekly Nearby Contract Analysis
01:48 Daily Nearby Contract Insights
03:12 Saskatchewan Price Review
04:13 Logarithmic Chart Analysis
06:29 Conclusion and Final Thoughts
