October 30, 2014

Wheat Commentary

Posted 10/29/2014

Wheat finished higher today supported by corn and soybeans. A squeeze in bean meal is supporting values in all the commodity markets right now. A Federal Reserve meeting today supported the dollar as we watched it move from trading lower to sharply higher as policy is going to support the US dollar. We would think once the soybean meal is done with its squeeze we would get the pressure on the wheat market based on higher dollar values…

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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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