Wheat prices also sharply lower over the last 3 weeks. Today’s low at $5.88 coming right down to trendline support. Technical indicators at zero. We’ve mentioned over the last few days that although we’re oversold and likely below fair value, there is no sign of bottoming action in wheat. The only good news today is that we closed at $5.98 which is a dime off the daily low. But still a pretty negative chart but this is no place to be making sale of wheat. If you’re a buyer of wheat this is likely a place to be stepping in with new ownership.