FARM BUSINESS NEWS
Darin Newsom DTN Senior Analyst
Mon Jan 6, 2014 08:38 AM CST

Chi Wheat's Short-Term Bullish Signals

Believe it or not, the Chicago wheat market could be turning bullish short-term and it has nothing to do with the "polar vortex" or possible winter kill. No, the budding uptrend is all about short-term technical signals suggesting the nearby March contract has established a low, for now, and could look to rally.

Take a look at the contract's daily chart. Notice that daily stochastics (bottom study) posted a bullish crossover, the faster moving blue line crossing above the slower moving red line with both below the oversold level of 20%, last Friday (January 3). ...

Quick View
  • The New Dicamba At an event exhibiting the company's soon-to-arrive Dicamba-tolerant soybean trait, Monsanto repr...
  • Rates Too Low Too Long Discounted interest rates have led to unintended consequences in land values, a shortage of funds...
  • Center Pivots Take a Beating Severe storms in mid-June have damaged hundreds of center pivot irrigation systems in Nebraska al...
  • "Easy Money Times Over" Feeding the world population won't be as hard as expected over the next decade some experts forec...
  • A Hunger for High-Tech The Gruhlkey brothers of Wildorado, Texas, are using technology and thoughtful cropping choices t...
  • Clearing the Air EPA Administrator Gina McCarthy told a group of agribusiness representatives that her agency want...
  • No More Outlaw Vets Veterinarians can start breathing a little easier now when they go to work, without the fear that...
  • Ask the Vet My vet diagnosed anaplaz and I've never heard of that.
Related News Stories
DTN Before The Bell Grain Comments
Technically Speaking Blog
DTN Early Word Opening Livestock
DTN Early Word Grains
DTN Closing Grain Comments
DTN's Quick Takes
DTN Midday Livestock Comments
Kub's Den
DTN Midday Grain Comments
Technically Speaking Blog