Traders a Bit Too Bearish Ahead of Reports

Posted on 03/09/2017 10:25 AM
Wheat: USDA surprised traders with 2.711 million acres less of winter wheat seedings than expected. This caused HRW futures to be the leader of the three flavors, but the July SRW again paused near the 40-day moving average around $4.79 5/8, which is considered major resistance. Closes above it would be a sign of extending buyer intere...