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Bulls Predict $2 Wheat Prophecy From Government Report
Chicago traders fueled bullish sentiment as May wheat neared $2 per bushel amid a volatile session. Prices moved from $1.11-1.12 for May, and near $1.08 for the current month, with futures closing near highs as crop concerns from a Washington report on black rust underscored a dire supply outlook. J. W. Harper notes emphasize whiskey production, meat factors, and a Buffalo seller, Louis Otte, Buffalo.
MENTIONED IN THIS ARTICLE
Chicago
Board of Trade
Agricultural Bureau
Washington
United States
Highet Point