Wheat
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.
A moderate or strong La Niña like the one currently underway typically produces a drier than normal weather pattern across the southern U.S.
For a crop with the biggest carryover relative to use, wheat has showed a lot of life recently.