Kansas Association of Wheat Growers

September 5 Dan Maltby Marketing Newsletter 

Wheat futures bottomed, last week, at least in the short-term. KC Z futures shown here… this is what two months of straight down looks like:

 

 

This weekly continuous KC wheat chart shown below suggests $4.00 is a long-term bottom; that’s the dilemma, as KC Dec is currently 40c above that. I wouldn’t sell it, but buy-signals aren’t easy to find.

Charts and discussions follow, with the goal of giving you useful information to help you with your
business. My disclaimer remains the same: these are my sometimes rapidly changing opinions; the
markets are quite treacherous; and past performance is no guarantee…dm

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Source: Kansas Association of Wheat Growers