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...



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