The benchmark CBOT March soft red winter wheat contract failed to hold technical support above the high end of its 20-day Bollinger range. It also fell below its 200-day moving average but found support at its five-day moving average. The US Agriculture Department on Thursday morning reported export sales of US old-crop wheat in the latest week at 569,100 tonnes, above trade expectations for 300,000 to 500,000 tonnes.
Copyright Reuters, 2017