Wheat Is It?
Inventories in the U.S., the world's biggest exporter, will drop 40% from a year earlier.
The U.S. will hold at the end of May, the lowest amount since 1948 and 6.8% less than expected a month ago.
Early frost last year and drought pretty much worldwide, have kept demand at a rapid pace, so our stocks started to dwindle.
Yields were curbed by a freeze, followed by excessive rainfall, and then drought, which hurt production in the US, Canada and Australia.
Futures have more than doubled in the past year as supplies dwindled. The contract has risen the 30 cent exchange limit for five straight days.
The 16% gain this week would be the biggest in history. What is... Wheat.
The U.S. will hold at the end of May, the lowest amount since 1948 and 6.8% less than expected a month ago.
Early frost last year and drought pretty much worldwide, have kept demand at a rapid pace, so our stocks started to dwindle.
Yields were curbed by a freeze, followed by excessive rainfall, and then drought, which hurt production in the US, Canada and Australia.
Futures have more than doubled in the past year as supplies dwindled. The contract has risen the 30 cent exchange limit for five straight days.
The 16% gain this week would be the biggest in history. What is... Wheat.
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