Impressive rally for US wheat

By Malcolm Bartholomaeus, Market Analyst
March 7 2018 - 11:00am
Malcolm Bartholomaeus says the rally in wheat has been impressive, driven by several factors including the ongoing drought in key US hard red winter wheat regions.
Malcolm Bartholomaeus says the rally in wheat has been impressive, driven by several factors including the ongoing drought in key US hard red winter wheat regions.

The rally in CBOT wheat futures had a good run last week, posting a 51.25 USc/bu (A$26.51 per tonne) gain before pulling back 15.5 USc/bu on end of week profit taking last Friday night.

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