#Wheat = Weekly Update = 07.08.2022 #ZW1 #WheatFutures @ft @cnbc @markets @marketwatch #wheatprices $wheat

Wheat closed the week on a very bearish note. As expected, the daily completed a 50/200 “death” MA cross, and the weekly candle strongly negated all possible bullish odds of the past week. Those who think that wheat could possibly go higher from here, will likely be disappointed.

The Long Term Forecast for Wheat issued a week ago stands:

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