Today's crop report is very bearish, but wheat has been dropped so many days already. I don't know what this call for. lucky?
================ Good point about'' wheat dropping for many days''..............; and the long term trend is still good Up-trend. Problem perhaps for the medium trend bulls follows; 50 day moving average is still downtrending/bearish, 50 day price, 60 day candle chart is bearish/downtrending. Close today is up a bit, so have to respect that[not a prediction]; but frankly with 50 day moving average still bearish, if i had to buy something ,probably be wheatland..... not wheat. As far as fundamentals,/ funny; but chickens like milo about as well as wheat, many wild birds like milo , or sunflowers better than wheat.