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Barchart
Barchart
Jim Wyckoff

Wheat Prices Are Falling on Supply Concerns Amid Russia-Ukraine Peace Talks. Make This 1 Trade Now.

March soft red winter wheat (ZWH26) futures present a selling opportunity on more price weakness.

See on the daily bar chart for March soft red winter wheat futures that prices are trending lower and this week hit a four-week low. See, too, at the bottom of the chart that the moving average convergence divergence (MACD) indicator is in a bearish posture as the blue MACD line is below the red trigger line and both lines are trending down.

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