April 21, 2014

Wheat Commentary

Posted 4/17/14

Wheat finished strong today as tensions between the Ukraine and Russia is continuing to support the market. With rumors of a fighter jet being shot down in the Ukraine and continued political unrest in the eastern part of the country, which does grow wheat, we have to continue to expect additional higher trade to at least test the recent highs near the 725 area in the July soft contract.

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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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