Wheat's Drought Dilemma

Watch Monthly Chart for a Clue

Todd Hultman
By  Todd Hultman , DTN Lead Analyst
Connect with Todd:
@ToddHultman1
This chart shows monthly spot prices of Kansas City wheat futures from 2001 to the present. The red line shows the highest price of the previous 12 months and the blue arrows show four of five times in the past 13 years when prices exceeded the one-year high and tipped off significant price gains. (DTN chart)
This chart shows monthly spot prices of Kansas City wheat futures from 2001 to the present. The red line shows the highest price of the previous 12 months and the blue arrows show four of five times in the past 13 years when prices exceeded the one-year high and tipped off significant price gains. (DTN chart)
Drought in the southwestern Plains and political tensions in Ukraine are threatening global wheat supplies this spring, but will we actually see a significant drawdown of supplies in 2014 or will this be another year where favorable conditions elsewhere keep wheat...

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Todd Hultman

Todd Hultman
About the Author
Connect with Todd:
@ToddHultman1