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Grain complex wipeout By: Louise Gartner 03/29/2013 @ 3:05pm
Grain markets were pummeled on Thursday following USDA’s release of the stocks and plantings reports. All major grains’ stock as of March 1 were estimated higher than average trade guesses; and in the case ...
Wheat demand closely watched By: Louise Gartner 03/25/2013 @ 10:02am
While weather will be the key driver of price action for the next several weeks, demand fundamentals are remaining firmly in the spotlight as well. Domestic demand for wheat has surged in the last few weeks ...
Rain, snow pressure wheat By: Louise Gartner 02/22/2013 @ 10:58pm
Wheat markets resumed their downtrend this week after just a minor rally the week prior. Prices were pressured primarily from a huge moisture system over the central and southern plains that dropped up to 1 ½ ...
Wheat slips on poor exports By: Louise Gartner 02/10/2013 @ 5:51pm
Wheat markets were down for most of the week, as weather forecasts maintained their call for a shot of rain to move through the central plains this weekend. Weakness in the corn market and concerns about USDA ...
Weather drives February wheat By: Louise Gartner 02/04/2013 @ 8:13am
Weather, even in the winter, is still driving wheat prices. After chopping around for much of the week and getting a strong start on Friday, prices buckled after the mid-day weather forecast called for rains ...
Winter wheat crop alert for markets By: Louise Gartner 01/14/2013 @ 7:30am
Grain markets waited for weeks for the slew of statistics that were finally released on Friday, and we saw plenty of price action once the numbers were out. Frankly, I’m just glad to get the numbers behind ...
Wheat sell-off continues By: Louise Gartner 01/07/2013 @ 11:30am
Wheat markets started the New Year the same way they ended the old one, on the ropes from relentless selling. Meager rally attempts were quickly snuffed out by waves of selling that took prices into new ...
Wheat exports pick up By: Louise Gartner 12/28/2012 @ 3:35pm
Wheat continued to break lower this week on more hedge fund liquidation and early index fund rebalancing before tax changes begin January 1. The looming "fiscal cliff" has spurred more investor nervousness and ...
More pressure in wheat market By: Louise Gartner 12/24/2012 @ 11:34am
Despite some positive news coming into the wheat complex, prices resumed their slide this week after a week of trying to find some stability. Front month futures have fallen well below major supports on ...
Wheat prices fall below expected levels By: Louise Gartner 12/14/2012 @ 3:06pm
Wheat markets broke below the key trading range lows on the front months, taking out long term support. Price fell particularly hard after USDA lowered projected exports for the third month in a row and ...
Quiet week for wheat By: Louise Gartner 12/08/2012 @ 7:38am
Wheat markets spent most of the week pacing sideways, finding some stability after last week’s selloff. The trading range lows continue to hold, but we’re spending a lot of time down here. Corn couldn’t ...
More pressure for wheat By: Louise Gartner 11/16/2012 @ 3:41pm
Wheat spent the week getting pummeled along with corn and soybeans before finally making an attempt to bounce late on Friday. Old crop months took out trading range lows on Friday before the market settled ...
Wheat fails at range highs By: Louise Gartner 11/11/2012 @ 1:21pm
Wheat rallied for most of the week, pushing up to the trading range highs in Kansas City and near those highs in Chicago. But a bearish crop report quickly quashed the rally with an outside day lower on ...
Wheat rally may be on its way By: Louise Gartner 11/05/2012 @ 9:17am
Same story, different week. Wheat holds support near trading range lows, bounces and looks ready for a rally only to run out of gas before it barely gets started. Buyers are there to support the market but ...
Wheat chops sideways By: Louise Gartner 10/29/2012 @ 1:18pm
It is becoming an all-too-familiar scenario. Wheat has a strong day and no follow-through. Or, we get the opposite – weakness with no follow-through. The trading range is now three months long, and longer ...
Wheat holds important support price By: Louise Gartner 10/19/2012 @ 4:18pm
The week started with more waves of fund liquidation, much like we ended last week. The new regulations that will require swaps trades to be counted as part of total futures positions and subject to position ...
No good signs for wheat bulls By: Louise Gartner 10/15/2012 @ 8:20am
Wheat is still holding trading range lows, but it seems to prefer the bottom of the range instead of the top – not a good sign for the bulls, particularly as we head into mid-October when seasonal highs tend ...
Wheat loses its gains By: Louise Gartner 10/05/2012 @ 3:28pm
Wheat failed to get any follow-through from last Friday’s bullish stocks report, giving up all of its gains as it headed back down to the bottom of its trading range, despite corn holding its gains and ...
Wheat surges on bullish report By: Louise Gartner 09/28/2012 @ 3:16pm
Grain markets spent much of the week continuing to get squashed but regained all of the losses on Friday after USDA’s bullish stocks report. The fears of a bearish report were quickly quelled as the numbers ...
Wheat rides the trading roller-coaster By: Louise Gartner 09/20/2012 @ 11:00pm
Wheat and the rest of the grain complex ran into selling first thing Monday morning, and the pressure didn’t let up all week except for wheat which managed to hold its gains on Friday. Most of the week’s ...
Wheat finds its legs By: Louise Gartner 09/07/2012 @ 4:20pm
It was a short week, but wheat had plenty of action. Early on, prices saw continued selling pressure from the previous week but we managed to bounce and gain even more back as we wrapped up the week ...
Wheat trades sideways By: Louise Gartner 09/01/2012 @ 1:07pm
The main topic of conversation in the wheat complex this week was whether Russia would impose export restrictions after their meeting of the Ag Ministry. After weeks of the Russian government insisting there ...
Wheat stalls in quiet trade By: Louise Gartner 08/24/2012 @ 3:08pm
Wheat markets seemed to run out of gas this week after an early rally stalled near the crop report high and then buckled under a wave of selling. Volume was notably light this week as the trade chopped around ...
Wheat finds support By: Louise Gartner 08/17/2012 @ 3:02pm
Wheat markets spent the early part of the week following through to the downside, after last Friday’s sweeping reversals lower. Prices finally stabilized and bounced into Friday, but we were still slightly ...
Grains chop as weather moderates By: Louise Gartner 08/04/2012 @ 1:57pm
Wheat markets spent much of the week chopping sideways, starting out strong but struggling through the week and finally finishing with some strength on Friday. While there are plenty of fundamental factors ...
Drought pushes grains sharply higher By: Louise Gartner 07/23/2012 @ 1:31pm
Grain markets surged higher again last week as the massive drought continued throughout most of the Midwest and central plains. Crop losses increased as the searing heat cooked what was left of the corn crop ...
Weather market continues By: Louise Gartner 07/16/2012 @ 11:09am
No question we’re in a full-blown weather market. The question is, however, when will it flame out? Good question, indeed.The simple answer is either when it starts raining or when the crops are completely ...
Grains blast higher on drought By: Louise Gartner 07/09/2012 @ 8:46am
This marked the third week in a row that grain prices surged higher, responding to intense drought conditions in the Midwest and quickly deteriorating crop conditions across most of the major growing regions ...
Wheat market finds high gear By: Louise Gartner 06/29/2012 @ 6:33pm
Wheat markets surged higher this week, led by corn and soybeans as those crops wither under intense heat and drought conditions across a huge portion of the US. Already, the weather and crop conditions are ...
Wheat finds price traction By: Louise Gartner 06/24/2012 @ 7:23pm
Wheat took on a new tone this week. With harvest pressure finally subsiding and fund liquidation seeming to be near an end wheat was finally able to make a push higher, ending the week more than 70-cents up ...
Wheat follows corn lower By: Louise Gartner 06/16/2012 @ 10:22am
Wheat was on the defensive much of the week, unable to find support from a bullish crop report or intensifying production problems in the Black Sea and China. Harvest pressure was part of the reason as ...
Weather supports wheat market By: Louise Gartner 06/11/2012 @ 11:37am
Moving forward, obviously weather will remain the key driver of price action. With so much uncertainty surrounding corn and soybeans, we can expect that volatility will be common and wheat will follow where ...
Funds liquidate wheat positions By: Louise Gartner 06/04/2012 @ 6:57am
There has been evidence for a few months that index funds were pulling money out of the commodity market space, and more reports of that kind of activity surfaced recently. Tiring of usually buying the carry ...
Weather pushes up wheat prices By: Louise Gartner 05/20/2012 @ 8:38am
Wow! What a difference a week makes! Last week the wheat market was putting in new lows for the move, well below the major support levels. This week, the market got spooked by the increasing stress to ...
Boomer crop in Kansas By: Louise Gartner 05/05/2012 @ 10:20am
Weather took a back seat this week as the market focused on the crop tour in Kansas and the rapidly approaching harvest. The burgeoning crop in the southern plains was verified by the tour and it appears the ...
Weather dominates wheat market By: Louise Gartner 04/30/2012 @ 6:25am
The weather forecaster was busy this week in the wheat complex. Cold temps in soft red country, heat in hard red winter country, and rains in the northern Plains. There was something for everyone. It looks ...
Wheat on the ropes By: Louise Gartner 04/20/2012 @ 3:11pm
The selling pressure continued this week as traders looked at minimal frost damage and calculated that we’ll just have more feed wheat available after all is said and done. This comes on top of what looks to ...
Market bulls don't blink at frost By: Louise Gartner 04/13/2012 @ 3:12pm
Despite frost and freeze issues in the Midwest, wheat had another week of selling that took prices down to trading range lows one more time in Chicago and Kansas City. Minneapolis is still doing better than ...
Wheat market stalls By: Louise Gartner 04/09/2012 @ 11:07am
Last week, most wheat markets retreated from their sharp run-up from the stocks and plantings reports. Weather has regained center stage, but crop condition ratings Monday afternoon and the supply/demand ...
Wheat life after the Report By: Louise Gartner 04/02/2012 @ 10:37am
Leave it to a crop report to create an attitude change in the grain complex. Friday’s plantings and stocks report abruptly changed the direction of price action coming into the reports. In particular, wheat ...
Crosscurrents for the wheat market By: Louise Gartner 03/26/2012 @ 7:11am
It was a rocky ride last week in the wheat complex, with prices under pressure early only to find strong buying late. There are many cross-currents happening in the wheat complex, and this growing season is ...
Wheat surges higher By: Louise Gartner 03/17/2012 @ 11:25am
Despite rains coming to the southern Plains, which would normally have a bearish reaction in the market, high temperatures, aggressive plant growth, increasing winter-kill evidence in Europe and corn purchases ...
Wheat holds lows By: Louise Gartner 03/11/2012 @ 9:08pm
After putting in a swing high on Monday, wheat markets spent most of the rest of the week under pressure, taking most contracts back down to February’s lows. A stronger dollar, rains/snow in some needed ...
Wheat poised for global weather rally By: Louise Gartner 03/05/2012 @ 7:07am
Wheat markets broke out of their doldrums and surged higher last week. Weather has been much of the grain markets’ story all winter and it looks like it will remain center stage as the Northern Hemisphere ...
Outlook estimates pressure wheat By: Louise Gartner 02/24/2012 @ 4:07pm
It was another week of choppy trading for the wheat market. It spent the early part of the week waiting for the estimates from USDA’s Ag Outlook Forum. When they were released on Thursday and Friday, they ...
Wheat finds positive reversal By: Louise Gartner 02/18/2012 @ 2:56pm
Wheat markets were under pressure early in the week, only to find strong buying support as some months neared the trading range lows. A strong reversal on Thursday had nice follow through on Friday, and the ...
Report erases wheat's momentum By: Louise Gartner 02/10/2012 @ 2:45pm
Wheat prices managed to hold together early in the week, waiting for the supply/demand report. But a bearish slant to the report was all it took to erase the upward momentum and send prices lower. It appears ...
Wheat faces seasonal weakness By: Louise Gartner 02/06/2012 @ 7:07am
After a slow start, wheat prices continued pushing higher last week, with Chicago and Kansas City finally taking out their January highs. Chicago March managed to move up to the broader trading range high ...
Wheat reaches pre-report highs By: Louise Gartner 01/30/2012 @ 8:20am
Prices continued to march higher across the wheat complex this week, led by an increase in export demand and more talk of Russia and Argentina slowing exports. The chatter was constant all week about ...
Wheat prices chop, finish strong By: Louise Gartner 01/21/2012 @ 8:45am
Wheat markets were mixed for the week after the sharp sell-off from bearish crop reports last week. Prices chopped around at the lows of this move before seeing a nice reversal up to finish the week. It was ...
Big blow delivered to ag commodities By: Louise Gartner 01/13/2012 @ 6:02pm
The market was focused on the crop reports this week, and those reports delivered a big blow to the grain bulls. We had the quarterly stocks report, the monthly supply/demand report and the winter wheat ...
Wheat retreats from highs By: Louise Gartner 01/06/2012 @ 2:48pm
The holiday trading time period certainly had its share of action, with weather continuing to dominate the market’s attention. Hot and dry conditions in Argentina have already taken their toll on yields, and ...
Wheat chops in holiday trade By: Louise Gartner 12/19/2011 @ 4:00pm
Markets have basically remained in holiday-type trade, with volume down and generally flat price action. That said, there are still days when we get some activity like Wednesday last week when wheat was down ...
Major spread unwinding By: Louise Gartner 11/28/2011 @ 2:57pm
For s short trading week, there was certainly plenty of action. Major spread unwinding between Minneapolis and Chicago/Kansas City buckled the Minneapolis futures while the other two barely budged. After weeks ...
Breaking below the low By: Louise Gartner 11/18/2011 @ 2:34pm
Wheat markets finally broke below the early October low this week, something that seemed inevitable but took weeks to accomplish. If wheat is going to go into a trading range through the winter, which is what ...
Wild, little changed wheat week By: Louise Gartner 11/04/2011 @ 3:41pm
It’s been one wild week. The news of MF Global’s meltdown and the chaos created by their bankruptcy had a widespread affect, from the individual customers who were locked out of their accounts to the pall ...
Weak wheat rally stalls By: Louise Gartner 10/28/2011 @ 2:20pm
Wheat held its own for much of the week, with price action continuing to find resistance at last week’s highs. A brief sell-off mid-week was met with aggressive buying on Thursday after the European Union ...
Wheat prices find stability By: Louise Gartner 10/24/2011 @ 6:23am
Wheat traded in an upward, choppy pattern this week, finding strong spillover support from a corn market that has steadily moved higher all month. In addition, while the wheat market still has plenty of ...
Grains get shellacked By: Louise Gartner 09/30/2011 @ 8:45pm
Grain markets got crushed this week, accentuating a bear move that has already been brutal. For the last couple of weeks, it’s been wave after wave of fund liquidation as the desire to move to the sidelines ...
Fund-selling drops wheat By: Louise Gartner 09/23/2011 @ 8:10pm
Another wicked week of selling across the grain complex sent wheat down to the early summer lows where some buying finally stepped up, despite the continued pressure in corn and soybeans. It was a week of ...
Wheat continues its fall By: Louise Gartner 09/19/2011 @ 1:25pm
Grain markets continued their downward trek this week, fueled by major fund liquidation and improving weather for wheat, corn and beans. Frost warnings were rampant this week across major swaths of the ...
Wheat data proves negative By: Louise Gartner 09/12/2011 @ 1:21pm
The crop report this morning held a few surprises for the wheat complex. The trade had been looking for roughly unchanged ending stocks but USDA increased them by a hefty 90 million bushels to 761 million ...
Wheat stalls at resistance By: Louise Gartner 09/02/2011 @ 2:42pm
It was another volatile week, as wheat initially slowly ground its way lower while Minneapolis continued to move higher, with most of the action in the September contract. However, forecasts for rains ...
Wheat fights off debt crisis -Louise Gartner By: Louise Gartner 08/15/2011 @ 7:21am
Despite the carnage happening in the financial markets this week, grains managed to hold their own. Wheat in particular held up well despite the aggressive selling from the Black Sea and world production that ...
Wheat quality, plantings in question By: Louise Gartner 08/08/2011 @ 8:03am
Wheat had a sharp rally early in the week but couldn’t hold the gains, and prices fell back to test the lows of the recent trading range. Field surveys of corn turned crop watchers even more bullish as they ...
Wheat struggles to move higher By: Louise Gartner 08/02/2011 @ 1:50pm
Wheat markets spent much of the week in sideways, choppy price action before running into selling pressure on Friday. News of Egypt again buying Russian wheat deflated the little bullish momentum the market ...
Wheat struggles to move higher By: Louise Gartner 08/01/2011 @ 1:12pm
Wheat markets spent much of the week in sideways, choppy price action before running into selling pressure on Friday. News of Egypt again buying Russian wheat deflated the little bullish momentum the market ...
Wheat follows corn higher-Louise Gartner By: Louise Gartner 07/15/2011 @ 4:19pm
Wheat markets had a sharp move up this week, with Chicago leading the way as cash demand soared for feed wheat to replace very expensive corn. With wheat prices significantly lower than corn across the plains ...
Wheat finds a lifeline-Louise Gartner By: Louise Gartner 07/11/2011 @ 8:42am
Wheat had a reprieve this week with prices closing higher on the week for the first time in five weeks. Interestingly, Chicago was the stronger market with Kansas City and Minneapolis barely tagging along ...
A brutal sell-off-Louise Gartner By: Louise Gartner 07/01/2011 @ 4:23pm
USDA threw a serious curve at the markets with very bearish acreage and stocks reports this week. Market reaction was hugely negative, even though prices had already been under pressure for weeks. USDA ...
Wheat market slides-Louise Gartner By: Louise Gartner 06/17/2011 @ 4:44pm
Wheat continued its slide this week, giving up another 87 cents in Chicago, 63 cents in Kansas City and a brutal 103 cents in Minneapolis. Corn was just as ugly with a drop of 87 cents. The selling was ...
Sell old-crop wheat-Louise Gartner By: Louise Gartner 06/13/2011 @ 9:56am
Wheat prices had another volatile week, starting the week under pressure and finding persistent selling on any notable rally. After all was said and done, by the end of the week wheat prices just extended ...
Minn. leads wheat market-Louise Gartner By: Louise Gartner 06/05/2011 @ 8:32pm
The announcement over the weekend that Russia would be lifting their export ban as of July 1 caused a round of selling in the wheat complex, taking price lower for the first two days of the week. However, the ...
Wheat market and supply By: Louise Gartner 06/02/2011 @ 9:43am
After back-to-back record production years in 2008 and 2009, world wheat output is forecast to drop this year by 5.3% from last year, to 646 MMT. Likewise, ending stocks are forecast to drop 10.2% to ...
Wheat market surges higher-Louise Gartner By: Louise Gartner 05/27/2011 @ 11:03pm
Weather continues to be the driver of the wheat complex. With the widespread drought in the southern plains, rains/floods in the northern plains, European drought and signs the Chinese drought is intensifying ...
Crop forecasts get shaved-Louise Gartner By: Louise Gartner 05/23/2011 @ 7:03am
Grain markets surged higher last week, completely regaining their losses from two weeks ago. It seemed like the market finally keyed in on the production losses in Europe; and coupled with the increasing ...
Funds, S&D drop wheat prices-Louise Gartner By: Louise Gartner 05/13/2011 @ 4:32pm
Wheat markets started the week with an impressive rally only to stall at the first resistance, and then get swept up in widespread selling from a bearish crop report and major fund liquidation across the ...
Technicals weaken wheat-Louise Gartner By: Louise Gartner 05/08/2011 @ 9:57pm
It was another brutal week for the grain complex. After a brief rally on Monday morning, the market went steadily lower for the rest of the week. Wheat managed to find support at the April lows, but ...
Louise Gartner: Wheat strength fading By: Louise Gartner 05/02/2011 @ 1:38pm
Wheat came into this week still licking its wounds after a battering last week, but with at least some upward momentum after Friday’s rebound. Weather is still the key focus, with continued dryness in ...
Louise Gartner: Rains pressure wheat By: Louise Gartner 04/15/2011 @ 3:06pm
Wheat had very choppy price action this week, as weather and corn prices were the featured fundamentals this week. Goldman Sachs added pressure after they report that investors should liquidate long positions ...
Louise Gartner: Drought conditions built-in By: Louise Gartner 04/11/2011 @ 12:15pm
Last week, wheat prices started out very strong on disappointing weekend rains through the central Plains. It spent the next three days chopping sideways to lower before finding another surge higher on ...
Louise Gartner: Wheat follows corn By: Louise Gartner 04/04/2011 @ 7:09am
As we move into April, weather is a huge player in the winter wheat complex. Dry conditions have been the story in the western Plains since last fall during planting and really haven’t improved since. The ...
Louise Gartner: Wheat weather is crucial By: Louise Gartner 03/25/2011 @ 5:33pm
This time of year the market tends to shift its focus to weather, and this is definitely one of those years. Indeed, weather has been an issue since last fall when much of the western central and southern ...
Seasonal lows for wheat? By: Louise Gartner 03/21/2011 @ 8:32am
Wheat markets continued their slide early in the week with another 60-plus cent drop in a washout type of trade before getting a burst of buying once the selling dried up. Volatility describes the price action ...
Louise Gartner: Wheat for feed By: Louise Gartner 03/21/2011 @ 7:09am
Wheat markets continued their slide early in the week with another 60-plus cent drop in a washout type of trade before getting a burst of buying once the selling dried up. Volatility describes the price action ...
Louise Gartner: Wheat on the ropes By: Louise Gartner 03/11/2011 @ 4:33pm
Wheat markets were lower every day this week, slashing another $1.14 off of front month Chicago en route to the biggest one-week decline in over two years. Just a short month ago, wheat was putting in two-year ...
Louise Gartner: Choppy wheat trade By: Louise Gartner 03/04/2011 @ 3:22pm
Wheat spent much of the week in very choppy price action, trying to regain its bullish enthusiasm of just a couple of weeks ago. While prices did manage to close higher for the week, it took a great deal of ...
Louise Gartner: Downward revision By: Louise Gartner 02/28/2011 @ 7:54am
After a tumultuous couple of weeks, wheat seemed to find a lifeline about mid-week that stopped the bleeding and set the stage for reversal back up. However, after a $1.50+ meltdown in the span of seven ...
Louise Gartner: Grain trade fodder By: Louise Gartner 02/10/2011 @ 11:00pm
Grain markets had plenty of action this week as a variety of fundamentals stayed at the forefront. Weather was a concern again this week both here in the US and abroad; tightening food supplies; ...
Louise Gartner: Political unrest eyed By: Louise Gartner 01/31/2011 @ 7:54am
It was an interesting week, to say the least. Whether we’re talking about wheat in particular, the grain complex, commodities or the state of all markets around the world, this past week was one of political ...
Louise Gartner: Higher prices from demand By: Louise Gartner 01/21/2011 @ 8:15pm
Wheat markets were higher every day this week, pushing into new contract highs across the complex. Leadership in the grain complex changed throughout the week with corn having a strong performance as well and ...
Louise Gartner: Price surge By: Louise Gartner 01/14/2011 @ 2:33pm
It was a busy week for the grain trade, with a number of reports released on Wednesday by the USDA. The major reports were the grain summary, quarterly stocks, winter wheat plantings and the monthly ...
Louise Gartner: New highs By: Louise Gartner 01/10/2011 @ 2:18pm
Last week, the major grain markets put in new 2-year highs, before getting weekly reversals down, with corn and beans seeing an outside week lower. Selling was prominent as traders moved to the sidelines to ...
Louise Gartner: Quality wheat shortage By: Louise Gartner 01/03/2011 @ 1:01pm
Last week, the year ended with wheat markets continuing in their steady upward trend, reaching new contract highs in the deferred months and approaching the summer highs in the front months. There has been ...
New wheat highs with choppy prices – Louise Gartner By: Louise Gartner 12/13/2010 @ 4:07pm
Last week, wheat saw plenty of price action but only managed slightly higher gains for the week. An early week burst higher put prices into new highs for the move in Chicago and new contract highs for ...
Wheat prices surge higher -- Louise Gartner By: Louise Gartner 12/06/2010 @ 11:51am
Well, after two weeks of Chicago wheat failing to muster up enough strength to get back into the trading range, it exploded higher and within three days, was all the way back up to the top of the range. Kansas ...
Louise Gartner: Bullish fundamentals By: Louise Gartner 11/29/2010 @ 10:19am
Wheat markets did a whole lot of nothing this week; even with some strong days in the rest of the grain complex wheat prices had little more than a meager rally that couldn’t even get back into the major ...
Louise Gartner: Prices see major reversal down By: Louise Gartner 11/12/2010 @ 3:58pm
Well, there you have it. After a long drawn out bull run in corn and beans, and new crop wheat pushing well above this summer’s highs, a bullish crop report appeared to have established a top as wheat and ...
After a weak start on Monday and Tuesday, wheat managed a strong rally and by Friday had barely closed above the trading range highs in Kansas City and Minneapolis, and took Chicago prices close to their ...
Louise Gartner: Quality concerns for wheat market to consider By: Louise Gartner 11/01/2010 @ 2:20pm
Wheat markets surged higher last week, quickly running up to the trading range highs in Minneapolis and Kansas City, while Chicago managed to get just above the halfway point of its trading range. With quality ...
Louise Gartner: Choppy wheat market as volume drops By: Louise Gartner 10/26/2010 @ 10:12am
Wheat markets struggled throughout the week as seasonal pressure and better weather offset positive factors from Russia and the weak dollar. Volume was notably lower in both wheat and corn futures as soybeans ...
Louise Gartner: Bullish S & D wheat numbers By: Louise Gartner 10/09/2010 @ 11:40am
It’s been a very long time since USDA gave us the kind of across-the-board bullish numbers in a report like those that we got on Friday. The numbers were eye-popping and any hint that corn supplies were ...
Louise Gartner: Wheat approaches technical support levels By: Louise Gartner 10/05/2010 @ 4:16pm
Like the rest of the grains, wheat was on the ropes last week as funds held a mass exodus across the complex. The markets were already in a minor liquidation mode, when USDA released the quarterly ...
Dizzying volatility By: Louise Gartner 09/24/2010 @ 3:49pm
The wheat market had something for everyone this week, but it’s unlikely that anyone really got anywhere after all was said and done. Sharply lower, sharply higher price action just continued the ...
Louise Gartner: Huge hedge fund support By: Louise Gartner 09/20/2010 @ 9:15am
After spending most of the week slipping lower, wheat managed a strong day on Friday to end the week in positive territory. While fundamentals in wheat remain very positive, it’s the corn and bean market ...
Louise Gartner: Cash market to take over wheat trade By: Louise Gartner 08/23/2010 @ 2:00pm
Price action for the wheat complex remained volatile last week, as the market continued to digest the plethora of news and rumors emanating from the Russian drought. With so much uncertainty surrounding a ...
Louise Gartner: Wheat breaks resistance then fails By: Louise Gartner 08/09/2010 @ 3:35pm
Wow, wow, wow! Major resistance melted like a hot knife through butter as wheat futures rocketed higher on the record drought in Russia remaining as entrenched as ever. Record temperatures, hot winds and ...
Wheat put in its biggest gain for one month since 1973 during this past month of July, 2010. Traders finally became believers in the Russian drought and scrambled to exit shorts and get long the market, and in ...
Louise Gartner: Wheat prices hold strong By: Louise Gartner 07/25/2010 @ 11:00pm
After a slight pullback, wheat markets managed to reach a new 13-month high this week, still riding the weather market fears of the drought in Russia, and the expectations of heat-reduced yields in ...
Wheat markets spiked higher this week as drought conditions doubled in size through Russia and Kazakhstan. Hot and dry conditions also continued to plague northern Europe early in the week until relief finally ...
Louise Gartner: Wheat soars on hot weather By: Louise Gartner 07/11/2010 @ 11:00pm
Wheat exploded higher this week as more news trickled in about intense heat in Europe likely shaving yields, drought in Ukraine and Russia hurting spring crop production, and continued woes across Canada ...
