# Chart analysis | Wheat - other losses threaten CBoT

> CBOT wheat broke below 400 cents as the downtrend resumed. The analysis describes the technical picture without a new fundamental event.

- Date: 2016-11-28 · published 2016-11-28T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/10693-chart-analysis-wheat-other-losses-threaten-cbot
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A break below the 400-cent level points to further downside for CBOT wheat, which weighs on feed wheat values.

## Read by commodity

- WHEAT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2016-11-28 | 1 | -2.0% | -3.3 | 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. |

## Sources

- zmp.de: https://www.zmp.de/en/futures/grains/news/press-review-chart-analysis-wheat-other-losses-threaten-cbot-2016-11-28

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.