Welcome to the Bulk Food International market news update.  The wheat market has gone sideways for the last few weeks.  Support from the upward sloping trend line sits at around the $6.35 area as can be seen in the chart below.  The arctic cold blast expected later this week in the U.S. has buoyed prices, as up to 5% of the hard red winter wheat crop is at risk.

The price of corn sits at the long-term trend line on the monthly chart as seen in the chart below.  Prices have been falling for months in expectation of this year’s record harvest.  Further dampening prices this week was the news that China has rejected a cargo ship of U.S. corn due to finding an unapproved variety of GMO corn in the shipment.  From an investment perspective, as we have stated before, the best time to purchase is when a market comes back to the long-term upward sloping trend line as is evident in both the corn and wheat markets.

Check out the articles below for a more comprehensive look at the bulk food market news.  Contact us at sales@bulkfoodinternational.com or 816-833-8062 and we can help you get started investing in bulk foods as a tangible asset you have possession of, instead of just a piece of paper.  You can download a copy of our product catalog here.

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