Who was behind the surge of trading in wheat futures last month? Some point to a group of Reddit users who mobbed an E.T.F. offering exposure to the wheat market.
Wheat prices have skyrocketed ever since the Russian military invaded Ukraine, which has sent the market's exclusive Wheat ETF to its highest levels in over seven years.
Wheat futures closed lower for the second straight day on accelerated profit-taking, as the recent surge in prices begins to be perceived as a drag on world demand.Chicago wheat.