Technicals Point Wheat Higher into January

Technicals Point Wheat Higher into January

Pro Farmer Senior Market Analyst Rich Posson says price models point wheat futures higher into January, although a year-end top cannot be ruled out. "The market has given us a clue that prices could be supported into March for another Level 1 business-cycle top." he says, adding funds have been net buyers throughout the last quarter of the year.

In the chart below, Posson uses technical indicators such as stochastic, moving averages, trendlines as well as his business-cycle analysis:


Once a week, Pro Farmer VIP Members have access to Pro Farmer's Tech Talk, compiled by Posson, who is a certified market technician. Click here to learn more about the service and click here to become a Pro Farmer Member.


Back to news


Spell Check

No comments have been posted to this News Article

Corn College TV Education Series


Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!


Market Data provided by
Brought to you by Beyer