CWRS - Hard Red Spring Wheat
Removing the Guesswork from Grain Marketing
The Klarenbach CWRS SK Price Index made a new 40-day high.
Yahoo!
I shared this tidbit on X.com or Twitter if you prefer.
https://twitter.com/TrentKlarenbach/status/1750529136832192711
The January 23 Chicago Wheat report suggested the following:
Last Thursday, the price was back above the purple VWAP from the September 2023 low, providing a reason to feel good about prices.
Our yellow trendlines appear to be forming a downward wedge pattern.
A break above the yellow trendline could lead to a rally.
Chicago often leads the other wheat markets, so…..
Will Wheat reverse its downtrend and prices moving higher?
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