Loading…
Barchart columnist Jim Wyckoff said March SRW wheat futures broke a downtrend this week, with MACD turning bullish and $5.30 seen as key chart resistance. He noted that wheat rallied on rumors of Chinese buying of U.S. wheat, and that crude oil gains were supportive.
The contract low is $5.08-1/2 and the upside objective is $5.80.
Technical breakout and rumored Chinese demand point to upside for SRW futures, with firmer crude oil giving additional support through biofuel and cost links.
barchart.comJim WyckoffOct 24, 2025Not 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.
