DTN AgHost Early Word Grains

Wheat futures are down 3 3/4 cents early Monday morning, with the March contract at $5.26. Technically, the chart support price for March KC wheat is between $5.05 to $5.10, while resistance is in the upper $5.20s. The wheat market has suffered losses in five of the last six trading sessions. As of November 18, the latest Commitments of Traders Report data, the funds held a net short position of 48,691 contracts in the wheat futures and options markets.