Yellow Pea Chart

[wheatking16]

Notice how the Yellow Pea price has been following this ascending channel pattern on the logarithmic chart?

Typo Correction from triangle.

This Bullish trend is likely to continue with the plant-based food movement.



https://klarenbachspecialcropsreport.substack.com/p/yellow-peas-price-channel?s=w

[Guest]

We got some at $18.65 last winter for July , crazy price
About $16.50 now

[wheatking16]

We got some at $18.65 last winter for July , crazy price
About $16.50 now

Insane

[AlbertaFarmer5]

Notice how the Yellow Pea price has been following this ascending triangle pattern on the logarithmic chart?

This Bullish trend is likely to continue with the plant-based food movement.

[ATTACH]10460[/ATTACH]

https://klarenbachspecialcropsreport.substack.com/p/yellow-peas-price-channel?s=w

That ascending triangle looks very parallel. Do I misunderstand what you mean by triangle? Or do those lines actually cross sometime in the next millenium?

Surprising how often a logarithmic chart fits better than a linear. Why is that?

[wheatking16]

That ascending triangle looks very parallel. Do I misunderstand what you mean by triangle? Or do those lines actually cross sometime in the next millenium?

Surprising how often a logarithmic chart fits better than a linear. Why is that?

You are correct.

I am not sure why I typed triangle but channel is correct.

Late at night I suppose.

I really don't know why log charts often fit better other than they measure a percent change in price.

[ALBERTAFARMER4]

Oops, didn't see it was a log chart. These charts are useless because the money supply in 2015 is a lot different than the money supply in 2022.

[BTO780]

I don’t care if it’s square, rectangular, or a circle chart or anything else, just give me $18 peas again this yr.

But thankful for the pet food market. Glad something picked up the slack from the Chinese.

[wheatking16]

Oops, didn't see it was a log chart. These charts are useless because the money supply in 2015 is a lot different than the money supply in 2022.

That is disappointing.

Seven years of intensive study down the drain.....

[bucket]

That is disappointing.

Seven years of intensive study down the drain.....

I always like looking at visuals like those charts. Quick snapshot. Now if I could just remember the events that caused the highs and lows.

Nothing down the drain if people appreciate your work.

Maybe if there was an indexing function to it all?

I get people/ farmers say these are high prices, but if all the factors are taken into account, are they really high prices?

As an example , what is 6 dollars wheat from 1974 worth, indexed to today? 25-30 bucks a bushel.

[AlbertaFarmer5]

Oops, didn't see it was a log chart. These charts are useless because the money supply in 2015 is a lot different than the money supply in 2022.

To answer my own question, isn't that exactly why the log chart would be more appropriate?

If money supply growth is compounding every year, then even if inflation was constant, then 2% of a trillion is a lot less than 2% of 10 trillion ( to pull numbers out of thin air), so on a linear chart, the pattern will be exponential, and the left end will be lost/ overwhelmed by the right end, even though the magnitude of the moves may be the same.