The wheat market moved into panic mode today with the announcement by the Russians that they are suspending all wheat and corn sales. End users are in a panic mode to cover needs. This sharp rally is causing concern equally for all sellers in the form of margin calls. The big positive is the market is now getting into solid price levels not seen since last November for wheat, corn and beans.
Rural Index Turns Negative Again
Hog & Corn Comments – 08/05/10 – Today could be it for grains and hogs aren’t much further behind