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Cash and futures wheat prices in the U.S. fell sharply in the week, with SRW and HRW indices both down about 18 to 20 cents. Technical indicators point to intermediate-term downtrends in cash markets.
Technical breakdowns and weak cash bids reflect profit-taking after a rally on drought concerns. Prices may remain under pressure until new weather or demand news emerges.
dtnpf.comDarin NewsomMar 18, 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.
