AgResource Wheat Comment and Analysis
** CBOT Wheat Ends Lower Amid Limited Demand News, Favorable World Weather: CBOT wheat futures ended lower but found support at key chart-based resistance. May CBOT’s 20-day moving average sits at $5.57. A close below this foreshadows the return to a range of $5.40-5.55 into early spring. The USDA kept its 2020 Us all-wheat acreage…