By Gary Hofer
The Times 

CROPS

 

October 24, 2013



One really nice thing about trying to understand the wheat market compared to bonds, stocks or other financial markets is the reality factor. Wheat is real stuff, made from sunshine, water, dirt and a lot of hard work. There is only a given amount of wheat produced and consumed in a year, with the same ancient variables at work; mostly weather, with a little influence from other markets thrown in, but the biggest variable, often even larger than weather, is government.

In the last few weeks, we have had quite a show to watch in Washington, D.C. There is no market that is not affected by pol...



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