CBOT:KE1!   KC HRW WHEAT FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT)
Cont KC Wheat - Monthly: New highs recorded this week within .04 of a 38% retracement target off the 2008 high and the 2019 low. Should KC Wheat decide to move higher yet, the 50% target is a $1.50 higher at 8.87. WOW, it sure seems like a mile to get there but as you can see on the monthly chart, when wheat decides to move it usually does in quick regards.
Support is the blue Tenkan line at 6.70 with further risk down at 5.73
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