September KC Wheat Chart

Wheat prices also exploding to the upside, last Friday we did make a new low but keep in mind we closed at 8.37.

The close last Friday was above the spike low from the previous week giving us mixed signals.

Today’s big up move certainly hints the short-term trend could turn upward.

Overhead resistance at 9.50-10.00, keep in mind we reached 9.98 a week ago.