December KC Wheat Chart

Wheat prices also in an uptrend off the lows posted in August at 8.08.

Wheat has turned lower over the last couple of trading sessions which was enough to turn the technical indicator lower as well.

Prices now sitting in an area where we have our moving averages coming into play and an uptrend line in play.

We still look to be in a U shape bottom which would indicate prices will move towards the $10 level.