# So Close, Yet So Far Away

> 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.

- Date: 2016-11-01 · published 2016-11-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/73891-so-close-yet-so-far-away
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

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.

## Read by commodity

- CORN: neutral
- WHEAT: bearish ▼

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/blogs/canada-markets/blog-post/2016/11/01/close-yet-far-away

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.