Why? Because of a little personality quirk the various aspects of the three markets that make up the wheat sub-sector have, a fun little idiosyncrasy I like to call The Head Fake Phenomenon. Over the decades of watching wheat, and occasionally attempting to trade it via cash and/or futures, I've picked up on the markets’ habit of taking out a technical support or resistance point, just enough to trigger possible stop orders placed by the uninitiated, then immediately head back the other direction creating l ...