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DTN's weekly technical analysis reports the national SRW cash wheat index closed at $3.89 1/2, up 2 3/4 cents on the week, and the HRW cash index at $3.54 1/2, up 4 3/4 cents. It describes both cash indexes as trading sideways within intermediate-term ranges, with the July 2018 SRW futures contract in a downtrend after a new low.
Routine chart commentary with no new supply or demand event, so it gives little direction for feed grain or wheat pricing beyond the existing sideways trend.
dtnpf.comDarin NewsomOct 30, 2017Not 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.
