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Chicago SRW wheat fell 31 cents on Dec. 15, with HRW down 26.25 cents and HRS down 11.75 cents, and prices rebounded partly on Dec.
16. Analysts debated whether a head-and-shoulders neckline breach on Dec.
9 signals a move toward $6.85 per bushel.
Technical signals point to further downside toward September lows, which could weigh on wheat values for feed buyers. The rebound suggests the selloff may not be fully confirmed.
dtnpf.comCliff JamiesonDec 16, 2021Not enough comparable past events yet for a historical read.
Not 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.
