A Headline- Dominated Market
March 20, 2014
The price of wheat is stronger now than at any point since last fall in late October. Many market observers are citing the Ukraine/Crimean crisis as a factor, although the winter wheat crop planted in the Ukraine is in reasonably good shape and there have been no interruptions in export activities.
The Crimean deep water port of Sevastopol is not a major export point for Ukrainian wheat, with only a small percentage of their grain moving through that point. Still, the potential for violent disruption of business activities presents an unknown factor, and markets as a whole do not like unkno...
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