Futures slump again as wheat rally unravels: PodcastFutures slump again as wheat rally unravels: Podcast
Bearish forecasts for 2016 and caution on Wall Street turn markets lower.
February 26, 2016
Wheat prices haven’t done much lately except go down, and they were headed south again at midday Friday, erasing an earlier attempt for follow through gains after a move higher Thursday.
USDA updated supply and demand forecasts for 2016 this morning, keeping ending stocks high for the next year, while Wall Street gave up most of its early gains, dampening the mood more into the weekend.
Bryce Knorr of Farm Futures reporting. Farm Futures is a sister publication of Feedstuffs.
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