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Hello everyone,

There's been some truly exciting news. Gate has launched direct trading of stocks and ETFs with USDT. Thanks to its collaboration with Alpaca, you can now access over 10,000 real stocks and ETFs from 5 major exchanges, including the NYSE and Nasdaq, using USDT directly from your Gate account.

After completing your KYC, simply update the app to version 8.21.5. Now you can trade classic stocks, CFDs, Perpetual Futures, and Stock Tokens all in one account. So, there are those who think long-term and those who are looking for short-term opportunities… They're all in one place. Now let's examine the news about wheat and its prices together.

🌾 Wheat Falling? 👀 $WHEAT ‌

Wheat prices have been under pressure in recent weeks, and a new story is unfolding in global agricultural markets.

The price has fallen to 5.84, and the short-term outlook remains weak.

🔹 Technical Outlook

• Price is trading below EMA5, EMA10, and EMA30
• Daily trend continues downward
• Nearest support: 5.84
• Critical support: 5.35
• Main support zone: 5.01

Sellers are still in control.

📉 A sharp sell-off from the recent peak of 6.73 has turned the market downwards.

🔹 But Fundamentals Tell a Different Story

Recent reports from the US Department of Agriculture indicate that US wheat production in 2026 could fall to its lowest levels in over 50 years. Drought and poor crop conditions are increasing supply-side risks.

🔹 Alarm in Australia as well

Expectations for Australian wheat production in 2026 have been lowered. Due to dry weather conditions and rising fertilizer costs, production is expected to fall to its lowest level in three years.

🔹 El Niño Risk Growing

Meteorological agencies are reporting the development of a strong El Niño cycle.

This situation:

⚠️ Increases the risk of drought
⚠️ Puts pressure on global grain production
⚠️ Can create new fluctuations in food prices

Analysts assess that supply-related price shocks may occur in some agricultural commodities.

🔹 What to Watch in the Short Term?

If the 5.84 support is held, reaction buying may be seen.

First resistance:
• 6.03

Region to watch for trend reversal:
• 6.22

Daily closes above these levels could strengthen the upward momentum.

🌾 Technical outlook is weak.
🌾 The global supply outlook is tightening.

Sometimes the market falls first.
The story changes later.

Friends, do you think the next big move in wheat will be up or down? 👀

⚠️ Not financial advice.

#Wheat #Commodities #Trading #FoodMarkets