Wheat prices made a new high, they did pull back about 15 cents off of the high, but still a positive close.

The short term is clearly pointed upward with prices today a $1.67 above where they were at about 2 weeks ago when KC wheat hit 9.93.

We took out the double top today at 11.47 but closed below that double top.

The wheat market has been very choppy over the last couple of months, we could see additional choppiness and we can’t rule out a correction back down towards chart support in the upper $10 range.