HRS looks like it broke through double top for July. Basis and bids up.
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Was reading this morning about some record cold temperatures in France around the 7-10th of April. Coldest for this time period since the 1930’s. Waiting to see how much damage to the winter wheat crop. Also projecting cold for southern U.S. early next week, concern for frost damage to winter wheat and germinating corn crops.
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Corn can’t handle cold shock very well .
Strange how that cold snap in France never got mentioned , does not fit the narrative I guess
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Would sure be nice if wheat would catch the same rally as the rest of them so we could empty the bins for next harvest!
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