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Trent Klarenbach

Wheat is Not Dead....Yet

Trent Klarenbach - Contributor Content

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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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https://www.klarenbach.ca

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.

Related Symbols

Symbol Last Chg %Chg
ZWN25 534-0s -6-6 -1.25%
Wheat

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