Market perspective

Wheat markets have continued their recent rally which started at the end of September. Wheat futures have rallied more than $.70 from their lows. Corn futures have risen $.50 off their lows. The cash markets have also moved higher with Soft White back to their August prices. The rally in the futures has been the main driver of the rise in the cash markets and one of the main factors has been the weakness in the U.S. dollar.

As mentioned in the last Market Perspective article, the weakness in the U.S. dollar and the pullback in the equities markets caused investment funds to reallocate some of...