Wheat Moves in a Sideways Pattern

There was strength early in the week on optimism that China might be buying large quantities of ag products. However, without any confirmation of business, the market gave up its gains.

Wheat Stuck in Narrow Trading Range

Technically, wheat is stuck in a narrow trading range. I expect that it will eventually move above the topside of the range and grind higher through the winter, writes market analyst Louise Gartner.