#10 | It’s alive!
Wheat is back from the dead, baby, leaving traders, farmers, and anyone else that has been holding an underwater position on everyone’s least favorite crop jumping for joy.
This chart is wild - what a turnaround we have seen in SRW futures, closing higher eight days in a row now and now nearly $1 off their post-Thanksgiving lows.
#9 | Hot on the heels
Chicago’s run has put March futures hot on the heels of KC wheat, narrowing KC’s premium over Chicago to a mere 25 cents.
This is the smallest premium hard red has had over soft since right after Russia’s invasion of Ukraine (and SRW futures went crazy).
#8 | December 8
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