Kansas Association of Wheat Growers
Wheat futures bottomed, last week, at least in the short-term. KC Z futures shown here… this is what two months of straight down looks like:
This weekly continuous KC wheat chart shown below suggests $4.00 is a long-term bottom; that’s the dilemma, as KC Dec is currently 40c above that. I wouldn’t sell it, but buy-signals aren’t easy to find.
Source: Kansas Association of Wheat Growers