Grains Rise Overnight, Showing Firming Prices

Wheat has rebounded with the greatest energy, and for the first time in weeks, both corn and soybeans were higher during both overnight trading and the day session as well. In this daily chart for wheat, note the very large engulfing pattern today as well as the rising volume indicator in the lower panel. This Klinger Volume indicator has not only turned higher, but it has crossed over its moving average and the moving average has also turned higher.