SIGNAL TERMINATION – WHEAT LONG – TAKE PROFIT
ORIGINAL TEXT: Wheat Long. Wheat is currently crossing the limit of the weekly maximum – resistance and continues to make its way up, and from the weekly maximum it is suddenly the monthly maximum. It should help it to grow further in the growth situation in the grain sector as a whole, driven primarily by the strength of bull traders in maize. Russia’s export tax comes into effect on June 2. Current FOB offers of Russian wheat are 247 USD / MT, but it is possible that they will approach the levels from January to March, which mostly amounted to 280-285 USD.