CWRS Wheat NW SK Basis Update

Grain Market Technical Analysis

January 13th, 2022

I intend to publish only when necessary.

Today is one of those days, and this is my second Grain Report.

This publication is a follow-up to the December 13, Wheat 1 CWRS Basis newsletter, where I provided the following comments:

I drew a yellow trend line that could signal a trend reversal and lower basis if broken.

The price would then be below the red 10 DMA and likely the 20 DMA, which need to happen for a downtrend.

That trendline broke, and the basis price is below a declining 10- and 20- DMA.

The 50 DMA is still rising; however, the price is breaking down below that level.

The purpose of this newsletter is to provide advance notice of trend changes and support and resistance levels, allowing the reader to anticipate future price action.

Think Wayne Gretzky, skating to where the puck is going.

That is our mission.

I hope these charts assist you in your marketing.

Feel free to reach out with questions.

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