NEWS
Darin Newsom DTN Senior Analyst
Mon Dec 10, 2012 07:57 AM CST

Chicago Wheat Could Soon Turn Bullish

Watching the Chicago wheat market lately has been akin to the proverbial watching paint dry as the more active March contract continued to slowly grind lower. However, a look at its weekly chart shows the contract has found a base of support dating back to mid-March near the $8.50 level. This price marks the 33% retracement level of the previous uptrend from the low of $6.52 posted in mid-May through the high of $9.48 1/2 hit in early August. In regards to the low, notice that this occurred as the market established a bullish ...

Quick View
  • Dr. Dan Talks Agronomy Can you trim inputs while growing soybeans in 2015? Here's a look at what you can and can't cut.
  • Fescue Workaround Fescue can be a challenge, but Butch Foster said he and his dad, Bob, put 200 to 250 pounds on ca...
  • Ask the Taxman by Andy Biebl Readers pose tax questions on how to justify repairs, handle capital gains on a residence and com...
  • Senior Partners - 1 Think how rural communities could rejuvenate if farmland rents stayed local rather than flowing t...
  • Sample With Precision Dan Davidson looks at how to measure the horsepower of your soil with the Solvita soil respiratio...
  • USDA Defines Actively Engaged Under the 2014 farm bill, family operations are exempted from proposed changes in actively engage...
  • New Paths Max payments forecast in areas of hardest-hit 2014 corn yields.
  • She's Got It All Alicia Mielke is a farm girl originally from Harrington, Wash., who continues to lend a hand to h...
  • Ask the Vet Would a bull with an undescended testicle or one that was a hard pull at birth be worthy of breed...
Related News Stories
Gulke: Stocks in All Positions
Grain Volume Rules to Expire
USDA Reports Preview
DTN Early Word Opening Livestock
DTN Early Word Grains
DTN's Quick Takes
Technically Speaking Blog
Technically Speaking Blog
DTN Closing Grain Comments
DTN Midday Livestock Comments