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425Cat
Advisor

Wheat looking toppy??

Looking at the chart this morning wheat looking toppy. A few attempts to make new highs have been turned back. Looking at soft red chicago.
Some areas in the world getting some moisture. A good shower here and she's down down down Seasonally she could be done also.
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2 Replies
farmerguy89
Advisor

Re: Wheat looking toppy??

Technicals have been getting overbought for a while.

Would rather wait
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perspec
Veteran Contributor

Re: Wheat looking toppy??

Wheat has the 1-2 punch of drought and Crimea.   It will rain(or snow).  It would be interesting to hear what lurii sees affecting the trade longer term after todays news.

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