Wheat

This week, IG’s Chief Market Analyst, Chris Beauchamp, goes long Brent crude at $82.70, with a stop at $80.00 and a target of $87.00.

2024-03-13T12:26:35+0000

Since front month Chicago wheat futures have fallen through their key 557 to 552 support zone, we expect the wheat price to tumble towards the 500 region, and would thus like to go short with a stop loss at 595.

2024-03-06T12:21:14+0000

24 February marks two years since Russia launched its full-scale invasion of Ukraine. While the initial spike on markets have subsided, many have moved in ways that investors could not have predicted.

2024-02-23T14:48:23+0000

​​Gold has seen fresh selling this morning, while oil prices are holding on to Friday’s gains. Wheat prices remain unable to breakout of their ongoing narrow range. ​

2024-01-08T11:46:32+0000

The Nasdaq 100, together with several other US stock indices, seems to have resumed its 2023 uptrend. We thus wish to buy it on a minor retracement lower with an upside target of around 16,000 and a stop-loss at 14,550.

2023-08-30T13:46:03+0100

Chicago wheat, soybeans, and corn lost ground and bounced back as a Russian warship’s firing of warning shots at a cargo ship in the Black Sea region heightened concerns over world supplies.

2023-08-14T11:16:24+0100

After Wagner’s weekend getaway in Russia, commodity traders may wish to prepare for peace in Ukraine.

2023-06-27T10:22:34+0100

Wheat, corn, and soybeans futures have set multi-month highs amid dry weather concerns. IGTV’s Angeline Ong takes a look at the summer weather outlook, and the impact on harvests this year.

2023-06-19T10:27:44+0100