Wheat Surges Higher

Our Shubie Partners AG Growth Fund saw a nice run in Wheat today.
As shown on the hourly Wheat (May 2019) chart above, Wheat surged 28.50 cents or 6.65%. As the Ag markets await news on a China trade deal, the only apparent reason for this move was a lack of bad news. Additionally, no doubt there was some fund short covering here as well, as the Wheat market has fallen a full cent over just the past month due to pressure from short selling.