Wheat Charges Higher, Where Is Resistance?
Oct 18, 2013
Wheat rallied sharply and finally finished above the $7 mark. Corn and soybeans were relatively quiet by contrast. Argentina's downgrade of anticipated production of wheat sent the market higher. A weaker dollar index and funds snatching up contracts aided the rally. Export sale reports continue to be delayed due to technical issues at the USDA. Tune in for a full breakdown. Visit us at GrainHedge.com or give a call at 877-472-4607 to take a free trial of the trading platform you see here on GrainTV!
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