Wheat prices continue a rally on Monday, reaching the $561 – the highest price in 2019! The price has gained over 20% since September lows amid optimism regarding the Chinese purchases as a part of the Phase One trade deal. Another factor adding to price gains is a possible export tax in Argentina which could redirect some of the purchases to the US. Technically the price broke the $555 resistance zone that could now act as a support. The next level to watch is $595.
Daily Summary: End of the week in the red, tech rally waning
🔝Silver Jumps 10% Weekly, up 120% YTD
Chart of the day - SILVER (12.12.2025)
Daily summary: SILVER at a new ATH, EURUSD at its highest since October