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CBOT wheat broke below 400 cents as the downtrend resumed. The analysis describes the technical picture without a new fundamental event.
A break below the 400-cent level points to further downside for CBOT wheat, which weighs on feed wheat values.
zmp.deNov 28, 2016Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
On 28 Nov CBOT wheat broke below 400 cents as the downtrend resumed, so technical stop-loss selling plausibly amplified the one-day drop beyond fundamentals.
