Todd's Take

Wheat's Year of the Super-Bear

Todd Hultman
By  Todd Hultman , DTN Lead Analyst
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The chart shows gains in spot wheat prices one and two years after years that saw both record world wheat production and record U.S. corn yields. 2014 will mark only the seventh time since 1970 that this super-bearish combination has occurred. (DTN Chart)
The combination of record world wheat production and a record high U.S. corn yield is unusually bearish for wheat prices. What's next?

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Todd Hultman