Wheat’s Price Peak May be Behind Us


In speaking with Louise Gartner of Spectrum Commodities, the Northern Ag Network has learned that the recent falter in wheat prices could be a real indicator of a peak that is behind us.  She told us Tuesday that seasonally this is the time that the market starts to fall out.  She added that if you have any old crop wheat to sell, now is the time to get it done.  It also could be time to start selling some of the new crop.  If, she says, any run-up is in our future, it will likely be related to corn issues or something else from the outside.  If that happens, that could even be a good opportunity to start pricing for next year.

Saying this, there are still some bullish factors that could be waiting in the wings if we continue to have problems with spring wheat.

Of course right now the issue is simply getting that spring wheat planted which is presenting all sorts of challenges.  CLICK HERE to see the numbers from the latest USDA NASS Crop Progress Report.

© Northern Ag Network 2011

Haylie Shipp


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