
September soft red wheat futures (ZWU25) present a buying opportunity on more price strength.
See on the daily bar chart for September soft red winter wheat futures that prices are now trending higher and this week hit a nearly three-month high. See, too, at the bottom of the chart that the moving average convergence divergence (MACD) indicator is in a bullish posture as the red MACD line has this week moved above the blue trigger line and both lines are trending up. The wheat bulls have the near-term technical advantage to suggest more price upside in the near term.