NEWS
Darin Newsom DTN Senior Analyst
Mon Jun 24, 2013 08:41 AM CDT

HRW Wheat's Bullish Reversal

Looking for bullish technical signals at the end of last week was similar to trying to find a needle in a haystack, with most commodity markets seeing numerous bearish signs due to increased noncommercial (investment) selling. However, if you dug through the pile far enough, you might have stumbled upon the September Kansas City wheat contract.

HRW wheat is in the throes of what is expected to be a disappointing harvest, with combines moving into southern Kansas this past week. Historically, wheat would see increased pressure as harvest progressed on the idea more cash supplies would ...

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