Wheat: Dec09 -7.5 for overnight market.
- UK august wheat export reported at 100,132 tonnes. Total for year 09/10 were 265,767 tonnes up from 186,514 tonnes last year.
- Russia's federal customs service announced that its July-September wheat exports were 4.875 million tonnes, less than year ago at 660,000 tonnes.
- Trader sell off to lock their profit.
- Japan's Ministry of Agriculture has bought 132,000 tonnes of wheat from the United
States, Canada and Australia through an ordinary tender. - The Strategies Grains cut EU wheat crop to 129 million tonnes (1.2 m from last est.), they also reduce ending stock to 15.6 million tonnes less 2 million from previous estimated and average yield was 5.7 tonnes per acre.
- Overbought on stochastic and RSI
- Price cannot break resistance level at 507 cent.
- Seem to be reversal on candlestick, may price would be lower.
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