MARKETS NEWS
Technically Speaking Blog
Darin Newsom DTN Senior Analyst
Mon Dec 2, 2013 09:07 AM CST

As December gets under way the Chicago wheat market seems content to move sideways. However, the not too distant futures could see major (long-term) momentum indicators swing to a more bullish outlook. If so that would mean the recent low of $6.35 1/2 (August 2013) should hold.

You may have to take a close look at the monthly chart for Chicago wheat, particularly if your eyes are as bad as mine. You will notice that the more active contract has been holding between support near $7.00 1/2 and 6.24 3/4, prices that mark the 50% and 61.8% retracement levels of ...

Quick View
  • Is Your Burndown Working? A cool, wet spring and the spread of herbicide-resistant weeds mean farmers should take the extra...
  • Gains on Covers It took Jerry Doan several years and a lot of trials, but the North Dakota beef producer has lear...
  • Side-by-Sides and Cool Helmets Side-by-side manufactures continue to roll out new machines and machine updates. Here are two more.
  • Stress Test for Borrowers Farm finances rate an "A" now, but economists debate if that's good enough to handle a major corr...
  • Senators Question EPA A group of U.S. senators Wednesday told President Barack Obama that his administration has not fo...
  • Climate Work Ahead at USDA Ag Secretary Tom Vilsack spoke about GOP complaints regarding the Obama administration's work wit...
  • Full-Circle Farming Bill Couser sees farming as a full circle. If it comes off the farm, it can go back into the farm.
  • Making the Grade What if corn isn't cheap the next five years? Fickle price projections can sway farm bill choices.
  • Ask the Vet What's my best bet for fly control?
Related News Stories
DTN Closing Grain Comments
DTN's Quick Takes
DTN Midday Livestock Comments
DTN Midday Grain Comments
DTN Before The Bell Grain Comments
DTN Early Word Opening Livestock
DTN Early Word Grains
DTN Closing Grain Comments
DTN Midday Livestock Comments
DTN Midday Grain Comments