Daniels Trading Senior Broker and author of Turner’s Take newsletter Craig Turner was quoted in the March 19, 2014 Wall Street Journal article titled “Dry Weather Pushes Up Wheat.”
Along with the dry weather in the U.S., unrest in Eastern Europe’s Black Sea region also may be boosting prices, said Craig Turner, a senior broker at Daniels Trading in Chicago.
Russia is expected to move quickly to annex the Ukrainian peninsula of Crimea after voters last week opted to secede. That could slow exports from Ukraine, expected to be the world’s sixth-biggest exporter of the grain this year. If embargoes are put in place, Russian exports may decline, Mr. Turner said.
“The more Russia-Ukraine heats up, the more concern that the grain trade could get disrupted,” Mr. Turner said.
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