CBOT SRW Wheat closes the month with resistance at the declining 50- Month moving average.
The last attempt to close above on a monthly basis was in April/May of 2024.
The moving average was advancing then.
Now it is declining....
I cover this technical setup and specific price targets in depth in the Klarenbach Grain Report.
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Trent Klarenbach, BSA AgEc, PAg, publishes the Klarenbach Grain Report and the Klarenbach Special Crops Report.
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