News Details

Chicago wheat down for the 6th straight day after hitting a high at the end of May on concerns about damage to Russian crop.

(Jun 05, 2024)
Chicago wheat down for the 6th straight day after hitting a high at the end of May on concerns about damage to Russian crop. This is despite sovecon further reducing Russia's wheat crop to 80.7 MMT from 82.1 & below 23's at 93 MMT. The news appears to be priced in for now. $6.50 support needs to hold on a weekly basis.
Maurizio “Moe” Agostino
Moe is the Chief Commodity Strategist. He is responsible for developing plans and assisting clients in the feed, grain and livestock industry to help them protect themselves from commodity price swings. Moe holds a Derivatives Market Specialist (DMS) designation as well as an Honors Degree in Business Administration. Moe has more than 15 years of financial services industry experience.
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