Watching Wheat in Australia

The Australian wheat crop was cut by nearly 10% on Monday. The drought conditions that caused this cut did not spring up overnight. This news has been well telegraphed to the market, yet it took this announcement to ignite a fire under the wheat bulls. Will this headline be the start to a bull run across the three wheat exchanges?

Would you like to talk to a Kluis Commodity Advisors broker? Request a Free Broker Consultation by clicking here.

Get our daily in-depth analysis delivered directly to your inbox or on our app by 5:30 AM CST each morning, along with other services created specifically for farmers, when you become a Kluis Commodity Advisors client. Try our Kluis Commodity Advisors 30-day free trial to test it out.