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December MGEX spring wheat fell 7 1/4 cents on November 1 to an 18-day low, breaking below its 20-day moving average. Technical analysis notes bullish monthly stochastic crossovers in corn and Chicago wheat, though confirmation of an uptrend requires a fresh four-month high.
This is technical commentary describing price moves without a new fundamental cause. It signals short-term weakness in spring wheat with no change to supply or demand.
dtnpf.comCliff JamiesonNov 1, 2016Not 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.
