Wheat prices haven’t been strong for several months, which is why wheat acreage in the U.S. is expected to be at historic lows for the second year in a row.
Angie Setzer, vice president of Grain for Citizens LLC., thinks there’s some potential in 2018 for wheat prices to see some strength, and gives her optimism.
World hiccups in production, like in Australia, could be one reason for a possible pop in price. Weather could also play an important role, like the La Niña pattern.
“The reality is the cash market has started to really firm,” she said. “We’ll start to see some of those spreads come in—we’re seeing some changes in the overall fundamentals of what the farmers are getting.”
Hear her full thoughts on the wheat market on AgDay above.