|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||6.54 - 6.61|
|52 Week Range||6.54 - 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.
Bullish charts on key agriculture funds suggest that the sector could be entering a new long-term uptrend.
Despite a bounce in the agricultural ETFs over the past few weeks, technical evidence suggests lower prices to come.