CROPS
November 21, 2013
A fter a very smooth and orderly decline that has last- ed three weeks, the wheat price has paused. There is always a kind of nervous twitch exhibited when the market reaches the end or beginning of a significant move. Some would call this "indecision," but a week-long sideways pattern with quick jumps back and forth that last only hours at most is the mark of a market in "read" mode.''
The last week saw us through a key USDA monthly report, all the more intensely observed as we missed the monthly report for October during The Shutdown. The ef- fect on wheat prices was minor, eliciting only...
For access to this article please
sign in or
subscribe.
Reader Comments(0)