Has the market priced in drought damage to spring wheat?

The recent slump in hard red spring wheat futures doesn’t necessarily mean the 2017-18 rally is done and dusted, say some analysts. However, it might be weeks or months before a more permanent pricing level is established, following what might be the climax of the summer spike. “We have to wait,” said analyst Darin Newsom […] Read more

Time to put wheat money in the bank?

It is time to price a portion of this year’s spring wheat crop, say analysts. “We’re getting close to where this thing could top out,” said Bruce Burnett, director of markets and weather with Glacier FarmMedia June 26. “This rally has far exceeded my expectations.” John Duvenaud, analyst with Wild Oats Grain Market Advisory, agreed […] Read more