Wheat prices have been strong lately (attachment 1). We have been writing for some time that we expect a major bull market in The grains complex: corn, soybeans and wheat.
As the 10-year chart shows, wheat futures hit a 6-year high and look to be finally breaking out on the upside after a 6-year bottom formation.
We have been signaling, since August and again in September, that this “stealth” bull market is just Getting started. This offers investors with the potential for some major medium to long-term gains, notwithstanding the short term volatility.
