Grains Entering A Period Of Consolidation
Using history as a guide it looks like the grains are beginning a period of sideways to lower consolidation that should last about 5 days, unless something drastically changes from the past 6 months...
Key China Wheat-growing Province Hit By Drought
China's key wheat-growing province of Shandong is facing its worst drought in at least 40 years as a result of unusually dry weather across northern and eastern China that stands to put further pressure on surging food prices.Drought has hit more than half of the land in the
%ZW_F Wheat Leads To The Downside
Wheat has been the upside laggard and the leader to the downside for some time now, and that trend continues. Gap fill is 657 1/2--Wouldn't be surprised if this got filled tomorrow with the way things are going.
"Increasing Grain Prices Have Led To Food Shortages & Protests...
"As you may know, increasing grain prices have led to food shortages and protests in developing countries, and worries of another food crisis. In your opinion what is the main cause of rising grain prices?"
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