NEWS
Wheat's Bear Market Is Almost Over
Todd Hultman DTN Grains Analyst
Wed Aug 28, 2013 12:39 PM CDT

Even though weather risk remains in corn this year, the ethanol boom that had driven prices higher since late-2006 is over and prices are now likely to find a new, lower trading range in the next few years, I explained in "Understanding Today's Corn Market."

The corn market that needed more acres in 2006 to produce larger amounts of ethanol now has them and is able to again produce more corn than the market needs, weather permitting. Wheat, on the other hand, is at the other end of the production cycle and will need higher prices in the next couple ...

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