Short term rally tipped for US wheat futures

By Malcolm Bartholomaeus
Updated January 2 2018 - 2:37pm, first published 12:38pm
Short term rally tipped for US wheat futures
Short term rally tipped for US wheat futures

​The Christmas/New Year period continued to see wheat futures trade in a range between 420 and 429 USc/bu. There had been an expectation that futures might break above 430 USc/bu in end of year evening up of positions, and with cold weather in the US forecast, but that was not to be. The March contract closed 2017 at 427 USc/bu.

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