Hard Red Spring Wheat Update

Grain Market Technical Analysis

ICYMI, I now publish Take Profit Price Targets with my Bearish Sell Signals for the following regions:

• Peace River region

• Northern Alberta

• Southern Alberta

• NW Saskatchewan

• SW Saskatchewan

• NE Saskatchewan

• SE Saskatchewan

• Western Manitoba

• Eastern Manitoba

Yesterday’s MGEX Hard Red Spring Wheat price action got people's attention with the December contract closing at 1014’2, right at the 200-Day Moving Average.

This closing price is within my Price Target range published on September 28.

You can read it here:

Hard Red Spring Wheat

I have been Bullish MGEX and have not had any Sell Signals trigger at this point.

Readers have been prepared for MGEX wheat to move to this level since September 12.

Readers have been Bullish on CWRS since September 20, when the price made a new high above an area of consolidation.

As a result, readers have remained LONG, holding off new crop sales.

The table below shows my latest Sentiment rating and Take Profit Price Targets for each of the nine Western Canadian regions.