Good afternoon! Now that the index funds appear to be willing to cover at least some of their extreme short positions in grains, what are some potential technical price targets to consider for the next round of sales or hedges?
- How have volumes been this week relative to past weeks?
- Have the calendar spreads started to tighten in corn?
- What turned KC Wheat lower today and kept Chicago supported?
- How is soymeal performing near its two year lows?
Contact your broker to discuss your trading or hedging plan!
This article originally appeared in the Technical Ag Knowledge Newsletter “Potential Price Targets **VIDEO Chart Analysis**” on 03/14/19.
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