# A Bearish Turn in Spring Wheat

> March Minneapolis spring wheat fell 12.5 cents to $5.47 1/2 for the week ending January 24, reversing lower after a failed test of a three-month high. March Kansas City wheat finished down 8.25 cents at $4.86 after failing to trade above $5.00.

- Date: 2020-01-27 · published 2020-01-27T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/8051-a-bearish-turn-in-spring-wheat
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Technical bearish reversals and neutral speculative positioning point to limited near-term downside, with the $5.00 Kansas City and $5.38 Minneapolis levels key for direction. Russian crop size remains a possible upside risk.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/Ag/blogs/technically-speaking/blog-post/2020/01/27/bearish-turn-spring-wheat

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