KC Hard Red Winter Wheat Breaks Out Above Two-Year Base

Kansas City (KC) futures for Hard Red Winter Wheat have broken out above their two-year base level, according to the Klarenbach Grain Report.

This significant technical development could signal a strong upward trend in wheat prices. As the old traders' saying goes, 'The longer the base, the higher into space.'

The report notes that this is the third time KC Hard Red Winter Wheat has broken out above its two-year base level.