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DTN's weekly review reports the national cash SRW wheat index closed at $4.28, down 6 3/4 cents, and cash HRW at $4.37 1/4, down 19 1/4 cents. July Chicago futures posted a new four-week low after a bearish gap, and Kansas City July futures also fell.
Breaking support in futures signals further downside risk for wheat used in feed rations, although the move reflects technical selling rather than a new fundamental shock.
dtnpf.comDarin NewsomMar 26, 2018Not 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.
