October 25, 2014

Wheat Commentary

Posted 10/24/14

Wheat finished lower today after a large rejection of the morning highs on what some are calling a lot of cash grain moving in the country. There was rumor that a cargo of feed wheat is making its way to the east coast due to elevated values but this is strictly rumor. Harvest is going to be moving along full force today as we will see much closer to average harvest numbers next Monday. Wheat planting is expected to be close to 88% planted on Monday which is a very realistic number considering weather over the weekend appears to be very good for planting…

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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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