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Wheat Market Bulls Biding Their Time Amid Basing Action

February 15, 2019 by Jim Wyckoff

The wheat futures market, as well as the corn market, have been trading in sideways and choppy ranges at lower levels for several weeks. It’s likely that this price action is “basing” that will at some point set off price uptrends. As for as timing for an upside “breakout” from the basing area, of course nobody knows. My bias is that any upside breakout would occur in April or May. Stay tuned!

Filed Under: Blog News, Jim's Morning Report, Uncategorized

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