Chicago Wheat Commodity Markets, Prices & Futures
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Latest News From Chicago Wheat
Some U.S. poultry producers could be turning to lower-quality feed wheat as corn prices spike and oil-rich Middle Eastern countries continue to build wheat socks.
More rough weather is forecasted for winter wheat on the Southern Plains, after the crop got off to a dry start and suffered record-setting cold this month.
Many of the genes that allow wheat to ward off Hessian flies are no longer effective in the southeastern U.S., say USDA and Purdue University scientists. Researchers say that care should be taken to ensure that any new resistance genes that haven’t already been used in commercial wheat lines are used prudently.
Decreased Winter Wheat Acres, Ag Sustainability Report, New Variety Fights Ug99.
The USDA released the December WASDE reports Friday and the market just yawned.
The time may be right for wheat to come to life. For many months, wheat stocks have been viewed as excessive. When any commodity with negative fundamentals can post and hold a near 50% rally, it gets my attention, as it should yours.