Outlook for Grains: Still Strong
By Dennis Cajigas • Aug 3rd, 2010 • Category: Broker Commentary, Market Updatesby Dennis Cajigas Wheat rallied more than 30 percent in July, fearing the impact of a severe drought in Eastern Europe that will trim world wheat supplies. A profit-taking pullback would not be unexpected given the extent of recent gains (up 18 percent in just five days). However, I think the technical and fundamental picture [...]
