NEWS
Darin Newsom DTN Senior Analyst
Tue Apr 9, 2013 07:11 AM CDT

Bullish Turn in KC Chi July Wheat Spread

This post is a follow-up to Monday's discussion of the July Kansas City wheat contract. After that post went up I was for my thoughts on the Kansas City versus Chicago spread. A quick look at the weekly chart showed a few interesting technical points.

First, the spread appears to have reestablished an uptrend. Recently the Kansas City July contract has lost ground to the Chicago July contract, falling from its peak (weekly close only) of a 64 cent premium to a low of 28 1/2 cents. Notice that this was a ...

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