National Ag News
Wheat market gaining momentum
Feb 9, 2017, 17:39 PM
by
System
An analyst says double-digit gains in the wheat market Thursday could be a signal that prices will continue churning higher.
Elaine Kub tells Brownfield the USDA’s latest supply and demand estimates caught many traders off-guard.
“By raising export projections, and therefore cutting the ending stocks projections for wheat; and specifically for the hard wheat varieties. And frankly, it was a little bit surprising.”
Based on the progress of export sales, she says there really wasn’t enough justification to make that projection.
Continue reading Wheat market gaining momentum at Brownfield Ag News.
