Single stalk of wheat on white background by texturis via iStock

Wheat is Not Dead....Yet

Trent Klarenbach Klarenbach Research Tue May 6, 11:20AM CDT
Single stalk of wheat on white background by texturis via iStock

CBOT Wheat continues to test the 525ish level.

Buyers are supporting the price at 525ish for now.

Our best-fit trendlines on the weekly continuous chart below demonstrate the significance of trendlines.

A weekly close below 525 suggests lower prices as the downtrend continues.

Trent Klarenbach, BSA AgEc, publishes the Klarenbach Grain Report and the Klarenbach Special Crops Report.

                                                                                                                                                                                                                                                                                                                                                                                                                                 

Klarenbach Research

                                                                                                                                                                                                                                                                                                                                                                                                                                                                    

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