March 3, 2015

Wheat Commentary

Posted 03/02/2015

Wheat finished sharply lower today after we saw selling from the open and a continuation of this for the entire session. We finished at the $5 level as we did manage to hold Friday’s lows. Some snow pack in wheat growing areas has done a good job of insulating crops from the damaging cold temperatures. We saw several warm days to start the month of February and then we saw some sub-freezing temps which could have caused some winter kill in some growing area but right now this isn’t a major focus of the trade…

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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.

     

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