Wheat prices actually had broken through trend line support, we had a fairly sharp uptrend in place off of the February and March lows.

Today prices came down into the region of the 40-day moving average.

Certainly, the chart does look disappointing, and the technical indicators look disappointing.

There is no sign of bottoming action, but this is not a place to be selling wheat but a place for end users to put on some ownership or buying.