Feb. 14 (Bloomberg) -- Snowfalls in China’s major wheat- growing regions failed to ease a drought, a government agency said. Wheat prices climbed to the highest level since August 2008 in Chicago and to a record in Zhengzhou. The global economy is very strong and strengthening. Commodities -- from copper to wheat -- have been rising because of strong demand. The weather does not have anything to do with their fundamental trend. If the economy weakens, even if the weather is horrible, wheat will decline.
George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked second best gold timer by Timer Digest
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