Will the Wheat Market help Rally all Grains??
Apr 28, 2013
Wheat bulls should be excited to hear rumors that some insurance companies are already "releasing" wheat in parts of Western Kansas. There is also talk of adjusters traveling around and inspecting fields to see if producers still have their pivots running. Point is the problems in the HRW wheat areas are becoming more of a reality. As I have mentioned time and time again, the wheat market is dangerous, so be extremely careful if you are playing it aggressively from the short side. Let’s not forget the Kansas wheat tour starts next week... I suspect we will hear further confirmation of damage. The weather has improved over the past few days but has the damage been done and what effect will it have on yields. If the damage is not found, prices will deflate very quickly, so make sure you CLICK HERE to prepare for some extreme market volatility.