Wheat futures have been riding high over the last four weeks, but that seems about to end, even though weather conditions in Canada and Russia continue to cause problems for the grain.
The challenge for wheat, as it has been for years, is the increasing amount of acreage around the world being dedicated to growing the grain.
With that in mind, the inevitable bad weather in various parts of the world, while having a temporary impact on wheat futures' prices, overall level off and bring them back down to where they belong.
Until there is a move toward planting less wheat, which is unlikely any time soon, this will remain the way things are.
Heading into August, wheat futures will drop down to about $5 a bushel, or even lower.
Friday, July 23, 2010
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I hope everyone is doing well. I have some news to share today....In the next week I am moving to NOLA and hoping this new journey will put me back into the attitude that change is good. So much to do and not enough time to do it. I am so thankful for all of the wonderful people in my life (including Pedro Jerome) a loan lender that support me at all times I am excited and also worried my life has been such a downer for so long that getting out of it has been hard but I do really feel that this change is going to be the best thing I need right now and I have hopes that all good things do come to those that wait.
I'm thanking a loan lender who helped me with a loan of 1 millions dollars to boost up my business once again at the rate of 2% annual return which is so wonderful and I would like anyone stuck in financial situation to reach out on Pedro the loan lender on pedroloanss@gmail.com for a loan assistance.
So please keep me in your thoughts and thanks to this blog I can at least keep in contact with all of you.
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