Friday, April 5, 2019

Barron's: April Showers Could Boost Wheat’s Pricing Powers

By SIMON CONSTABLE

A new deluge of rain in the Midwest looks set to hit already waterlogged soil, possibly sending wheat prices soaring.

“A $5 target for now is a very realistic target,” says Shawn Hackett, president of Boca Raton–based advisory firm Hackett Financial Advisors. That’s based on the current saturated soil levels and rain forecasts for April, he says. Read more here.

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