Grain Report Chart of the Day 

CBOT SRW Wheat

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The Big Dog is back above the green 50-day Moving Average.

The Big Dog likes being above the 50.

Farmers like being above the 50.

I like to say 50 is the new 30.

 

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Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.