Wheat Finds Support Early While the Fed Raises Rates May 3, 2023
The trade is now wondering if this is now the bottom or if the wheat market is gathering in another group of suckers. For almost one full year all three wheat contracts have been in a significant downtrend. The downside move has been beyond any measure of comprehension. With today's trade, new lows in the morning that turned into an Outside Day higher for Chicago and Minneapolis, the trade wonders if this will be time.
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