Grain farmers and traders encounter a wide range of news and opinions on commodity prices. Because of personal biases, they may favor information that matches existing beliefs, sometimes overlooking contrary data.
In 2022, the optimism surrounding Durum wheat prices led many farmers to retain their stock, while grain companies maintained long positions.
Amidst widespread optimism and information overload, we took a different approach. By focusing on price charts, we sidestepped subjective views. These charts hinted at a potential price drop.
On January 15, 2022, our Durum Wheat Alert adjusted the Sell Signal below $19.60, so we warned our readers about a looming price trend shift.
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