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The DTN National SRW Wheat Index closed at $4.02 1/4 for the week, up 5 1/4 cents, while the Chicago July 2017 contract settled at $4.38 1/4, up 3 cents. The HRW cash index closed at $3.59 and the Kansas City July contract at $4.37 1/2, down half a cent, as analysts described sideways-to-mixed technical trends.
Weekly technical wrap with small moves and no new fundamental cause, so it adds little to the supply outlook. Cash and futures levels frame near-term wheat feed costs for buyers.
dtnpf.comDarin NewsomMay 29, 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.
