Today’s Chart of the Day was shared by Ian Culley (@IanCulley). Commodities continue to surge across the board, but Wheat is one of the more interesting ones to watch right now. Ian points out that Chicago Wheat futures opened locked limit up for the second session in a row, around 1294. Agricultural commodity futures, like Wheat, have daily limits on how much they can change in one day. In this case, Wheat opened as high as it was allowed to (+$0.85) before trading was halted for the day. At this point, Wheat is flirting with the 2008 highs around 1350. Are all-time highs for Wheat prices around the corner?
