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Teucrium Wheat Fund commentary notes CBOT wheat has risen since April 2019 and is approaching a key technical resistance level on the upside. The author discusses the KC-Chicago spread as a possible bearish signal and frames wheat's price history, including the 2008 and 2012 peaks.
The piece is an investment analysis rather than a news event.
Technical breakout potential in CBOT wheat could attract fund buying, but the article offers no new supply or demand fact that changes fundamentals.
seekingalpha.comAndrew HechtJan 29, 2020Not 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.
