Wheat – July 15, 2026

Original Post – November 27, 2023

Well, unfortunately, I made a rookie mistake because w/ all the measured moves – just below – I should have thrown up a 0.886 retracement level. I didn’t and missed a Wheat entry. I’m already long DBA …

Folks, I’m thinking we are going to have one hell of a price increase in the cost of goods coming up … we do have a perfect storm approaching from the perspective of:

This could be the strongest El Niño on record

and of course:

https://www.janushenderson.com/corporate/article/global-natural-resources-structural-tailwinds-driving-the-next-commodities-supercycle

this super cycle was already starting and then the big wave:

https://www.reuters.com/markets/commodities/commodities-supercycle-is-here-how-might-investors-participate-2026-04-13

the fertilizer issues w/ the Straits is gonna be huge …

So, get long the ‘softs’ w/in agriculture … grab an etf like DBA (I’m long DBA already) or WEAT or just google it but, yeah, you can mess around w/ technology or take the tried and true method of catching a nice commodity wave because when they come and you can get in early, they can take you for one hell of a ride. That’s why I love to get in the wave using my SUP – we get in early. We get that primordial wave feeling of riding the echoes of the big bang thru the medium of a surfboard and water and it’s a blast! I’m feeling this one peeps and have already caught this wave WAY outside and I love to grab a party wave with my ex-girlfriend (wife) or son so you might want to jump aboard this wave.

Ding ding commodities departing …

Corn here … or perhaps a little lower?

Let’s ride this wave …

Cheerio –

Bart

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As I continue to track wheat we can see where more “measured moves” and projection PATTERNS are creating a very powerful BUY zone for wheat. That being said, it’s still a pretty far down there so patience is the key.

I hawked the DBA ETF (https://g.co/finance/DBA:NYSEARCA) for 2 years and got in prety much close to the low and am still in it long. So, if you go research it, you will find Wheat being a major commodity component in it’s weighting.

Would be “nice” to see DBA bottom down at that pattern level and Wheat to be at/around the the zone shown below for a GREAT BUY ….

I patiently wait and hawk and occasionally take a look at to see if my thesis is true OR I have to get out the earser and relook at the chart w/ a refresh pair of eyes.