September KC Wheat Chart

Wheat prices have pushed down to new lows as well.

Corn, beans, and wheat all making new lows today keeping the overall downtrend intact.

Russia invaded Ukraine on February 24th and we are significantly below the prices even prior to when Russia invaded Ukraine.

We also have a consolidation area that took place over about 4 months from 7.55-8.66 and we are now in that area.

Even though there is no sign of bottoming action this is no place to making sales in wheat.