Wheat is also seeing a downtrend recently, in fact Kansas City wheat as of last week had fallen about $2.60 off the high posted at 12.59.

Even though wheat prices were higher today we closed at 10.39, that’s still $2.20 below the high.

Technical indicators are getting close to oversold, and todays higher prices did turn the technical indicators.

So, all it would take in wheat would just be a little bit of follow through tomorrow and the short term trend could turn up along with the technical indicators.

This is no place to be making wheat sales.