Profit Watch: Wheat holding down corn

The threat of wheat supplies struggling to leave the Black Sea region has slowly lessened, and today, they’re back to levels once again weighing on the market. “I just can’t see (wheat prices) cascading too much lower than where we are here. When you see it approaching a two-year low, that’s pretty brutal,” Clayton Pope of Clayton Pope Commodities told RFD Radio’s DeLoss Jahnke.