Friday, August 17, 2012
Wheat futures are beginning to look vulnerable for a price correction, as the market has failed to make new highs lately. A fall below 850.00 would give some credence to the bear camp, with a chart gap at 815.00 a potential downside target.
Fundamentals
With all the headlines being granted to both Corn and Soybeans as the U.S. drought has sent both markets to all-time highs, Wheat futures have been more of a follower to its more popular grain complex cousins, with prices … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards