The rally on wheat crop concerns was completely justified, because - TopicsExpress

The rally on wheat crop concerns was completely justified, because of the severe damage to the hard red winter wheat crop, wrote Chip Flory, editor and publisher of Pro Farmer Newsletter, in an email to CNBC. The problem is, the rest of the world grows wheat, too! And competing exporters generally have a good supply and a price that is cheaper than U.S. wheat, so the slump in U.S. prices is tied to a lack of demand.

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