By Angus Brown | Source: US Drought Monitor, CME, KCBT
Dry weather in key US wheat growing states is driving wheat prices higher, over and above the ongoing support provided by issues in Ukraine. This is especially the case in Kansas where hard red wheat is the main crop. Significant wheat price rallies usually wait until June or July, so today we look at how sustainable the current rally is, and whether prices can turn around and head lower.
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