Wheat Plunges Into Weekend: Supply Glut Crushes Rally
Wheat prices crashed into the weekend, falling 6.8% for the week as supply gluts, favorable weather, and weak demand crush the rally. What’s next for commodities and food prices?
Wheat prices crashed into the weekend, falling 6.8% for the week as supply gluts, favorable weather, and weak demand crush the rally. What’s next for commodities and food prices?
Corn futures faded back lower Friday, erasing mid-week gains. A strong dollar, adequate global supplies, and fading weather risk weighed on prices. USDA reports loom next week.