Is the Wheat Rally Over? Why Prices Could Hit Extremes!

Added: 2026-05-17

[00:00:00]Have I missed the wheat rally? Did I miss it? What's your thoughts around the wheat market?

[00:00:03]>> Wheat is wheat.

[00:00:05]>> [laughter] >> You know, wheat kind of has its own market, to be honest with you, but we've seen a lot of markets go to extremes here, just in the last year. You know, it's not necessarily in grains, but we've seen some soft commodities, um even hard commodities, gold, silver. And wheat's another one that can definitely go to extremes. When we were dealing with wheat rallying a couple years ago, it can go a dollar or more very fast.

[00:00:29]So, yes, we've rallied a dollar off those early year December lows. A buck is a buck. It's a great move. Can it go higher? At this point in the year, it's hard to say um whether that'll happen or not. There's a lot of risk here in the market. Markets love risk. Wheat likes risk. We also have inflation stuff going on. I think wheat could continue to run, to be honest with you. I really like the outlook. The funds are behind it.

[00:00:52]There's a There's a lot of things moving in wheat right now, where I could see it go to an extreme again.