NEWS
Technically Speaking Blog
Darin Newsom DTN Senior Analyst
Fri Jul 18, 2014 03:40 PM CDT

As hard as it is to believe, at different times this past week it seemed like the September Chicago wheat contract wanted to establish an uptrend. I know, in my latest On the Market column I dismissed wheat's chances of turn bullish rather easily, with the lone bullish factor in the market's bearish haystack being the fact it is technically oversold. But perhaps in its weakness lies its inherent strength.

Or something like that. It is far too late on a Friday afternoon to be philosophical.

It doesn't take much to see that September Chicago's weekly stochastics (second chart) are ...

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 Closing Grain Comments
DTN's Quick Takes
DTN Midday Livestock Comments
DTN Midday Grain Comments
DTN Before The Bell Grain Comments
Todd's Take
DTN Early Word Opening Livestock
DTN Early Word Grains
USDA Weekly Crop Progress
DTN Closing Grain Comments