Red Lentils Alert

Red lentil prices coming across my screen have grower bids from $0.39 - $0.41 per lb.

Our latest sell signal of a new low below $43/cwt from January 14, triggered on Friday.

You can read about it here, Red Lentil Price Drops

The Weekly chart below has today’s price at the 0.382 Fibonacci retracement level below the 10-, 20- and 30- week Moving Averages.

We identified the $41/cwt level as an area of interest in our November 27 Newsletter.

You can follow our analysis on my website, Red Lentils.

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