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NW Iowa | My thoughts are wheat could be the real spark to send everything a giant leg higher. Fundamentally, it is about to move into first place on the list of grains with strongest fundamentals.
Consider that soybeans have sort of been forgotten about, and we have a projected carryout of something like 140 million bushels? The market is getting lulled to sleep and is too comfortable with the current fundamentals. Not that it can go higher and higher forever, but we are still in red alert. Every so often it seems they all wake up freaking out and we put on .75 in a week in the corn. | |
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Is the Wheat market about to take off?
