Uncategorized
Harvest Time For Wheat
As I head down the road on my way home from the office, I pass farmers working hard in their fields combining soybeans. In Wisconsin, it’s true, “nothing runs like a Deere”. However, soybeans are not where my mind takes me, but to another commodity all together, wheat. More specifically the weekly chart of wheat, using the continuous current contract in front (ticker: ZW1!). When you look at a long term chart of wheat, you can see that it has done anything but, “run like a Deere”, since the mid-1970’s .
