NEWS
Canada Markets Blog
Cliff Jamieson Canadian Grains Analyst
Fri Dec 7, 2012 04:35 PM CST

Wheat's poor export performance in the United States market, with wheat sales and shipments far behind the levels required to meet USDA projections, has led to ongoing trade within a right-angle descending triangle pattern, as seen on the attached March Minneapolis weekly chart. This pattern, as seen on the chart, is characterized by firm support within the $9.16 1/2 to $9.20/bu. range as found from the four weekly lows since the late-July high, along with a series of lower highs, along with a number of declining weekly highs.

This pattern is not a bullish one, with the assumption being ...

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
Manitoba Crop Report
Canada Markets
Rail Problems Unlikely in 2014/15
Canada Markets
Canada Markets
Canada Markets
Canada Markets
Saskatchewan Crop Update
Ontario Field Crop Report
Canada Markets