# Chart Analysis: US Wheat Prices

> DTN's Todd Hultman charts December Minneapolis spring wheat near two-year lows, closing down 4 cents at $5.30 3/4 with record fund net-short positions. Chicago SRW December wheat ended at $5.01 1/2 after USDA estimated 9% smaller US SRW output due to a wet spring.

- Date: 2019-08-12 · published 2019-08-12T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/57624-chart-analysis-us-wheat-prices
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Record fund shorts and oversold technicals raise the chance of a short-covering bounce, while ample ending stocks and record world output keep the bearish fundamental backdrop intact for wheat feed-grain pricing.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: neutral

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/blogs/technically-speaking/blog-post/2019/08/12/chart-analysis-us-wheat-prices

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