Aug 27, 2014
Home| Tools| Events| Blogs| Discussions Sign UpLogin

World Wheat Crop is Shrinking

July 9, 2010
 
 

The U.S. may be awash in wheat, but the world crop is shrinking, points out Jerry Gulke of the Gulke Group. “USDA lowered the world crop about 7 million metric tons because of the poor prices and now there are crop problems in Ukraine and Russia and Canada.

“We’re well over $5 in September wheat now and you can pick up a huge carry in the market by putting that crop in the bin and selling it for six months or 12 months out if you have the capability of doing that,” he says.

“So there are a lot of ways to make money in these markets and they are giving us opportunities.

See Comments

RELATED TOPICS: Wheat, Analysis

 
Log In or Sign Up to comment

COMMENTS

No comments have been posted



Name:

Comments:

Receive the latest news, information and commentary customized for you. Sign up to receive the AgWeb Daily eNewsletter today!.

 
 
Enter Zip Code below to view live local results:
bayer
 
 
The Home Page of Agriculture
© 2014 Farm Journal, Inc. All Rights Reserved|Web site design and development by AmericanEagle.com|Site Map|Privacy Policy|Terms & Conditions