- CBOT wheat futures blast over the $9 per bushel level as the 2022 crop year approaches.
- Reason one: Inflation is at the highest level in over four decades - Rising input prices.
- Reason two: Russia is the world’s lead wheat producer - War in Ukraine is bullish for the grain.
- Reason three: Consumers are likely to panic - The KCBT-CBOT wheat spread is a sign of increasing hedging activity.
- Reason four: The technical trend is higher, and the trend is always your best friend.
For further details see:
WEAT: Four Reasons That Can Continue To Propel This Wheat ETF Higher