date:Dec 25, 2012
to fail near $14.90. This will provide a little resistance for the time being with further resistance coming in the $15.00 area. As for wheat, Tuesdays reports finally provided enough bearish information to move the market out of the sideways channel we had been in for almost six months. We continued to sell over the last couple of sessions, but according to the RSI indicator we are oversold. Do not be surprised if we pause or catch a bit of a bid in the $8.00 to $8.15 area over the next few tra