USDA report sets wheat price cycle

By Malcolm Bartholomaeus, Market Analyst
May 23 2018 - 9:00am
HIGHS AND LOWS: Market Analyst Malcolm Bartholomaeus says over the last 10 years we have either seen a seasonal peak in prices in early May, or in late June/July.
HIGHS AND LOWS: Market Analyst Malcolm Bartholomaeus says over the last 10 years we have either seen a seasonal peak in prices in early May, or in late June/July.

Wheat futures seem to be in a pattern of peaking early in the month ahead of the monthly USDA Report, falling after the report - and then recovering strongly to start the next month. 

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