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Tuesday, April 11, 2017

What could possibly go wrong for wheat?

By Angus Brown  |  Source: CBOT, Trade

When commodity prices trade within a relatively narrow range for a reasonable amount of time it is human nature to think that they are going to stay in that range for the foreseeable future. In grain markets, consumers have had an easy ride for the last 6 months, and it looks likely to continue. But, there is always a black swan looking to rear its head, so this week we look to answer ‘what could possibly go wrong with grain supply, sending prices higher?’

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Mecardo information is provided to assist in your marketing decisions. It contains a range of data and views on the current market. It is not intended to constitute advice for a specific purpose. Before taking any action in relation to information contained within this report, you should seek advice from a qualified professional. The information is obtained from a variety of sources and neither Mecardo nor Ag Concepts Advisory will be held liable for any loss or damage whatsoever that may arise from the use of information or for any error or mis-statement contained in this report. 

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