Monthly Wheat Prices: April

(May 1 2012)  Exclusive to GEOnomic Investing:

Wheat prices oscillated this month in reaction to the weather, and its perceived implications on supply. In the end prices slumped slightly, finishing the month at  $6.54 a bushel compared to $6.56 on the first trading day of the month. On the last trading day of the month wheat fell on profit taking, as investors took the previous weeks 4% rally as an opportunity to cash in some profits. According to the USDA U.S. spring-wheat is being planted faster than the previous five-year averages, and the winter-wheat crop is in good condition.

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