18/08/13 -- Wheat is a follower of corn, I'm convinced of that. They key to where wheat prices are headed is therefore where are corn prices going?
The answer to that seems to fairly and squarely depend on whether you think that US corn yields will be higher or lower than the USDA's Monday forecast of 154.4 bu/acre. Some trade estimates are a bit lower, most are higher, with some considerably so
Sunday, 18 August 2013
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