in Spring wheat… (My first job in commodities was a a grains analyst for the World Agricultural Outlook Board, at the USDA, and still interested)…
Here is Bloomberg:
“The wheat varieties that trade on U.S. commodity exchanges are diverging sharply in price. Spring wheat is fetching a growing premium to the winter classes grown in the Great Plains and Midwest, with the spread against hard red winter wheat futures reaching a nine-year high. That’s because the spring crop, which still has several weeks left to develop, is in poor shape as drought conditions persist in northern states.”
Leave a Reply