Credit Suisse Thinks Rains Could Cause Drop in Grain Prices (WEAT)
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Up: 21 | Down: 43 | New: 13
Rating Summary:
0 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 21 | Down: 43 | New: 13
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Grains prices remain elevated due to a drought in the Midwest, but forecasts for rain could boost yield and cause a drop in prices for grains, according to a report today from Credit Suisse.
“A continuation of rainfall and cooler weather in the region may still result in higher yields than currently projected, which would then result in prices falling from current elevated levels,” noted the report.
Teucrium Wheat (NYSE: WEAT) is higher by 1.88 percent today.
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“A continuation of rainfall and cooler weather in the region may still result in higher yields than currently projected, which would then result in prices falling from current elevated levels,” noted the report.
Teucrium Wheat (NYSE: WEAT) is higher by 1.88 percent today.
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