Favorable Weather for Crops

Source: VantagePoint Intermarket Analysis Software
To see more FREE recent market predictions for wheat go here!

  • The market moved down 106^6 cents.
  • 106^6 cents = $5,337.50 per contract (About 19 trading days)
  • When the blue line (forecast) crossed below the black line (actual), VantagePoint predicted the market to trend down. The Neural Index at 0.00 also indicated an expected down trend.
  • Corn, wheat and soybean prices are predicted to fall as encouraging weather boosts crop prospects in parts of the U.S. Midwest.
  • The most recent forecast from federal forecasters is that the overall crop may reach 72 million bushels this year; down slightly from last year’s almost 73.5 million.