The world is fast approaching a “climate apartheid” where only the wealthy can afford basic food resources in the face of fatal droughts, famine and heatwaves, while the rest of the world suffers. Revelation 6:5-6 And when he had opened the third seal, I heard the third beast say, Come and see. And I beheld, and lo a black horse; and he that sat on him had a pair of balances in his hand. And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine.

‘Measure of Wheat for a Penny’: Pro Farmer Crop Tour Lower Expected Acre Yields. Wheat extends declines to three-month lows

Mauricio Carrillo FX Empire•August 21, 2019

Wheat extends declines to three-month lows

Wheat is trading down for the third day in a row as the unit is extending its decline from the 4.77 area started on August 19. Today, the unit fell to 4.60, its lowest level since May 16.

Currently, futures of wheat are trading at 4.62, 0.70% negative in the day. Technical conditions suggest more room for the downside with the 4.55 as the next support that the grain would face.

Below there, please check the 4.50 level and then 4.45, 4.35, and 4.27 as supports.

To the upside, the odds are limited, but any recovery in the grain would need to break the 4.77 level. A consolidation above that area would open the door for more gains until the unit faces a new resistance at 4.85. Then, check the 5.00 and 5.07 levels for selling pressure.