Support for US prices

By Malcolm Bartholomaeus, Market Analyst
Updated February 21 2017 - 9:23am, first published 8:59am
CHANGES: Above average temperatures in the winter wheat belt, indications of dryness and fund buying activity has led to increased support for US prices.
CHANGES: Above average temperatures in the winter wheat belt, indications of dryness and fund buying activity has led to increased support for US prices.

CBOT wheat futures are still in a short-term upward trend, but late last week the market failed to capitalise on an attempt to break out of a longer term downward trend in place since 2012.

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