# SRW May be Signaling More Bad News for the Wheat Market

> 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.

- Date: 2021-12-16 · published 2021-12-16T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/43639-srw-may-be-signaling-more-bad-news-for-the-wheat-market
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

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.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/blogs/canada-markets/blog-post/2021/12/16/srw-may-signaling-bad-news-wheat

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