“Something’s Gotta Give” in the Wheat Market

Ajouté : 2026-06-01

[00:00:00]Something's got to give here in the wheat market to convince me that we could be going substantially higher in the near term. Because the way we closed that week, you know, there isn't much more to the downside, I would imagine here, before this chart starts to look ugly. That same gap level seems to be a little supported here and another moral victory for the close of the week on wheat. We got into that gap fill, but we're able to close back, basically, above it. So, even from your buyer there at the gap on the open, but you're still ahead by a couple pennies here on the week. Interesting how fast this chart could change from one look to the next.