|Bid||6.30 x 700|
|Ask||6.40 x 60000|
|Day's Range||6.28 - 6.41|
|52 Week Range||6.28 - 8.43|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||4.13%|
Hard spring wheat is a key ingredient for these doughy, gluten-loaded treats. This year, widespread drought in the U.S. Great Plains stirred supply fears, pushing up Chicago Mercantile Exchange spring wheat futures traded in Minneapolis to $8.19 a bushel on July 5, the highest level since June 7, 2013. With the harvest 40% complete, the U.S. Department of Agriculture last week said just 33% of the spring wheat crop—which is sown in the spring, hence its name—is in good or excellent condition, versus 66% at this time last year.
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Federal Reserve Bank of Chicago President Charles Evans said technology is disruptive and may be causing disinflation. Mr Evans implied that Amazon is killing inflation. I disagree with his conclusion because when you look at all the components that comprise inflation, a slew of commodity prices
Nearby resistance on key commodity-related charts suggests the bears are taking control of the momentum and that the downtrend is likely to continue.
Major resistance levels on the charts of these agriculture ETFs suggest that the bulls may want to wait it out on the sidelines for better days. (DBC,OIL,WEAT)
Nearby resistance, combined with recent moves below key support levels on major ETFs, suggest agriculture commodities will struggle to head higher in coming months.