{"schema_version":"1.0","type":"daily_commodity_report","available":true,"name":"Sharemaestro KC HRW Wheat Daily Commodity Report","edition":"2026-08-21","market":{"name":"KC HRW Wheat","slug":"kc-hrw-wheat","group":"Grains","unit":"US cents per bushel"},"current_read":{"state":{"label":"Constructive","headline":"KC HRW Wheat is trending upward, leading the broad commodity market and showing positive Market Dynamics."},"headline":"KC HRW Wheat is trending upward, leading the broad commodity market and showing positive Market Dynamics.","summary":"The latest completed close is 756.25 US cents per bushel. The Trend Signal is active, Relative Strength is +9.9 and Market Dynamics is +0.21. This week is +0.3% through 5 completed sessions; across 20 sessions, price changed +1.5%."},"price":{"completed_close":756.25,"recent_performance_pct":{"1_day":-0.7871433256805505,"5_days":0.26516407026848654,"20_days":1.4760147601476037,"60_days":12.915266890630829,"252_days":51.0234648027958},"current_week":{"week_start":"2026-08-17","through":"2026-08-21","sessions":5,"return_pct":0.26516407026848654,"up_sessions":3,"down_sessions":2,"unchanged_sessions":0,"session_moves":[{"day":"2026-08-17","close":758.75,"return_pct":0.5966191581040725},{"day":"2026-08-18","close":743.75,"return_pct":-1.976935749588138},{"day":"2026-08-19","close":762.0,"return_pct":2.4537815126050466},{"day":"2026-08-20","close":762.25,"return_pct":0.032808398950123774},{"day":"2026-08-21","close":756.25,"return_pct":-0.7871433256805505}],"previous_week_start":"2026-08-10","previous_week_end":"2026-08-14","previous_sessions":5,"previous_return_pct":5.6372549019607865,"change_vs_previous_week_pct_points":-5.3720908316923,"headline":"Price is higher this week, but momentum has slowed from last week.","detail":"Price is +0.27% across 5 completed sessions this week. The previous completed week returned +5.64%. The market is -2.21 percentage points versus its group this week.","tone":"mixed","group_return_pct":2.4739773109784924,"relative_to_group_pct_points":-2.208813240710006}},"readings":{"trend":{"state":"Active","value":725.841667},"fair_value":632.407051,"relative_strength":{"value":9.949468,"state":"Leading"},"market_dynamics":{"value":0.214601,"state":"Supportive"}},"current_setup":{"stance":"Confirmed continuation","path":"Price, relative performance and underlying pressure point upward. The clearest current angle is continuation while all three remain positive.","trigger":"A completed close that holds above 725.84 US cents per bushel, with Market Dynamics positive and relative strength above zero.","failure":"A completed loss of 725.84 US cents per bushel alongside weakening Market Dynamics.","risk":"Use completed-session confirmation and allow for the normal volatility of this market; intraday movement alone does not change the report state.","scenarios":[{"label":"Constructive path","condition":"A completed close that holds above 725.84 US cents per bushel, with Market Dynamics positive and relative strength above zero.","meaning":"Confirmation would favour trend continuation or a completed repair rather than an anticipatory entry.","tone":"supportive"},{"label":"Holding pattern","condition":"Price remains near its current structure while confirming layers stay mixed.","meaning":"The market stays on watch; patience preserves the edge because there is no need to force a direction.","tone":"mixed"},{"label":"Failure path","condition":"A completed loss of 725.84 US cents per bushel alongside weakening Market Dynamics.","meaning":"The setup weakens and the defensive interpretation takes priority until a new completed repair develops.","tone":"negative"}]},"positioning":{},"producer_positioning":{},"related_markets":{"title":"No peer relationship is strong enough to carry the thesis","detail":"Treat the outright structure as primary; nearby commodity moves are context rather than confirmation. Current macro-factor relationships are weak, which points to a more market-specific setup.","action":"Use related markets to confirm or challenge the thesis; do not use correlation alone as the entry trigger."},"publication_boundary":"Observed market data and finished Sharemaestro readings only. Formulas, components, model features, thresholds, weights, source identifiers and calculation workings are not published.","source_coverage":{"commodity_intelligence":{"available":true,"as_of":"2026-08-21","cadence":"Completed daily sessions"},"weekly_exchange":{"available":true,"as_of":"2026-08-21","cadence":"Completed weekly evidence"}},"weekly_exchange":{"name":"Kc HRW Wheat","group":"Grains","as_of":"2026-08-21","completed_close":756.25,"recent_performance_pct":{"1_weeks":0.2652,"4_weeks":1.476,"12_weeks":16.3909,"52_weeks":51.8574},"readings":{"trend":{"state":"Active"},"fair_value":588.003205,"relative_strength":{"value":9.949468,"state":"Leading"},"market_dynamics":{"value":0.576738,"state":"Supportive"},"next_week_view":{"direction":"undecided","probability_pct":53.4754}}},"canonical_url":"https://sharemaestro.com/commodities/assets/kc-hrw-wheat/report/","distributions":{"html":"https://sharemaestro.com/commodities/assets/kc-hrw-wheat/report/","pdf":"https://sharemaestro.com/commodities/assets/kc-hrw-wheat/report/download.pdf","json":"https://sharemaestro.com/commodities/assets/kc-hrw-wheat/report/data.json"},"citation":"Sharemaestro, KC HRW Wheat Daily Commodity Report, 2026-08-21, https://sharemaestro.com/commodities/assets/kc-hrw-wheat/report/","license":"https://sharemaestro.com/data-license/","disclaimer":"Observed market evidence for research and education only. Not financial, investment, trading, tax or legal advice.","content_hash":"88d9a9923ce4b5769ceb46d07136cf64f46e64f5d9a161b1f1b8dd7c3070d085"}