October 1, 2014

Wheat Commentary

Posted 10/01/14

Wheat finished slightly higher today buoyed by a European export sale to Egypt. Wheat looked at this in a positive light as we could see the world export market start to pick up. We are still priced slightly higher than the rest of the globe with wheat sales on an international level does look somewhat positive. Following yesterday’s reports, we are seeing some shorts cover as we are not expecting to see much more exciting information heading into winter.

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    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.

     

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