Daniels Trading Senior Broker and author of Turner’s Take newsletter Craig Turner was quoted in the February 04, 2014 Dow Jones Newswires article titled “Weather worries, investors send wheat futures rocketing.”
Wheat futures for March delivery gained 20 3/4 cents, or 3.7%, to $5.84 1/2 a bushel on the Chicago Board of Trade, the biggest one-day increase since April 3, and highest closing price for a front-month contract since Jan. 8.
“The U.S. ratings coming down is the catalyst and the huge fund short [position] is adding fuel to the fire,” said Craig Turner, a senior broker at Daniels Trading in Chicago.
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