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The Ever-Unfolding Story of California's Prop 12
California Ag Today
The 9th U.S. Circuit Court of Appeals has decided not to reconsider its earlier ruling that deemed Proposition 12 as constitutional.
Wheat Futures Pressured Wednesday
A jump in the US dollar plus weakness in other commodity markets helped to pressure the market on Wednesday.
Hot Weather Sparks Strong Wheat Market Prices
In addition to hot and dry weather in western Kansas, talk of a hefty net short position by fund traders in wheat and ideas that demand could be strong over the near-term helped to support.
Wheat Market Moderately Lower
The turn higher in the other grains and a surge up in equity, gold and crude oil helped to support the bounce off of the early lows on Monday but the wheat market remained moderately lower on the session into the mid-day. Weakness
Negative Outside Markets Push Wheat Prices Lower
A stronger US dollar and Chinese economic concerns as well as weakness in metal and energy markets all combined to spark the selling.