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DTN's weekly review reports cash SRW and HRW wheat indexes near $4.18 and $4.23 per bushel, both in intermediate-term uptrends. July Chicago and Kansas City futures were at $4.74 and $4.97.
Short-term momentum signals were mixed.
Technical signals show firm wheat prices with near-term resistance, which matters for buyers timing feed-grain purchases. No new supply fact is introduced.
dtnpf.comDarin NewsomFeb 11, 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.
