Commodity Trading Trends: Wheat Futures Soaring

While most traders have kept their eyes glued to high profile commodities like gold and crude oil, wheat futures have been on an absolute tear. Three different kinds of wheat futures are up more than 10% in the trailing week, with standard wheat futures gaining roughly 18%. The majority of the crop is used in human consumption, ranging from cereal and bread, to pasta and even beer. Unlike corn, wheat is primarily used as food and doesn’t find its way into biofuels or livestock feed nearly as much as its yellow cousin. As a result, wheat is grown primarily to make a high quality flour for baking bread in countries around the world [see also Invest Like Jim Rogers With These Three Agriculture Stocks ]. See the full story here →