Wheat holds two-month highs in the face of interest rate/dollar index news. September 21, 2022
So far, wheat is holding its own parade down main street. Even with a new high for the dollar index, and the expected 0.75% increase in interest rates, the market has other interests. Putin's recent comments have added a tone of support to pricing. Today's closes were the best in over two months for all three contracts. We still have a light amount of concern for US winter wheat planting and emergence conditions.
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