Wheat Takes a Tumble, Early Production Estimates & More This Week in the Markets

by

Opinion

While most analysts agree that from a technical standpoint, corn and wheat appear to have more upside potential than soybeans, wheat was the grain this week that tumbled like a baby giraffe out of the womb, dropping its most since September. Overall, growing conditions are generally favourable in the northern hemisphere as, now that we’re into the month of March, more market eyes are looking to this half of the equator. Eastern Europe still remains an area of concern, specifically northeastern Ukraine and southern Russia, which, compounded with higher crop input and borrowing costs for farmers, sets things up for…

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