November 24, 2014

Wheat Commentary

Posted 11/21/2014

Wheat finished mixed today as we watched December options expire and drive the corn market lower and bean market higher and wheat just watched. Wheat found support and traded slightly higher most of the session. A strong dollar did keep a cap on some commodities rallying today but we did still manage to finish in the green. Global wheat export demand continues to remain strong and issues between Ukraine and Russia are still very real but right now with a lack of a lot of fresh news we would expect sideways is the pattern moving forward…

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    MiddayWeather-Vane

    Allendale Advisory Contributor:

    Cordon Sroka

    Cordon Sroka

    Cordon started with Allendale in 2010 after graduating from the University of Wisconsin at Platteville with a degree in finance. His interest in the commodities was sparked after taking a class on technical analysis that focused on the futures markets.

     

    WUC

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