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Daily Report : A time for speculators to look at wheat

Jason Goepfert
2025-09-03
Wheat has been in a relentless price decline for years. Attempting to pick a bottom is typically fraught with peril. That said, momentum and seasonality suggest an opportunity may be forming to play a potential bounce - but only for speculators who actively manage risk.
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Headlines

A time for speculators to look at wheat: Wheat has been in a relentless price decline for years. Attempting to pick a bottom is typically fraught with peril. That said, momentum and seasonality suggest an opportunity may be forming to play a potential bounce - but only for speculators who actively manage risk.

Smart / Dumb Money Confidence

Smart Money Confidence: 40% Dumb Money Confidence: 67%

Risk Levels

Stocks Short-Term

Stocks Medium-Term

Bonds

Crude Oil

Gold

Agriculture

Research

A time for speculators to look at wheat

By Jay Kaeppel

BOTTOM LINE
Wheat has been in a relentless price decline for years. Attempting to pick a bottom is typically fraught with peril. That said, momentum and seasonality suggest an opportunity may be forming to play a potential bounce - but only for speculators who actively manage risk.

FORECAST / TIMEFRAME
None

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% Showing Pessimism: 7%
Bullish for Stocks
S&P 500 Down Pressure
Insider Buy/Sell Seasonally Adj
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% Showing Optimism: 39%
Bearish for Stocks
Smart Money / Dumb Money Confidence Spread
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% Showing Excess Optimism
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