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Quiet Friday for Grain Markets
Grain and soybean bids were lower ahead of the holiday weekend on Friday. Wheat ended lower in reaction to news of Russian officials not placing export restrictions on wheat.
Wheat Market Builds on Global Production Concerns
The wheat market found support Monday after a private Russian consultant lowered their Russian wheat production forecast to 40.5-43 million tonnes.
Weather Rally Continues
European wheat futures extended gains on potentially warm and dry conditions in parts of Russia, which lent support to US markets on Tuesday.
Wheat Prices Near Unchanged
Late weakness in corn and a turn sharply lower in the US stock market helped to pressure the wheat market to give back all of the early gains to close nearly unchanged on the day Monday.
Wheat Markets Down
Talk of decent yields for the winter wheat harvest and ideas that the US dollar rally is slowing export demand and that the wheat premium over corn is lowering feed demand were factors which may have contributed to the weakness.
All Grain Markets Up on Friday
Weather concerns and less negative sentiment from outside markets helped to support the early rally and the push above Thursday's highs on Friday.
Wheat Market Ends Lower
The wheat market pushed to a new contract low and a new contract low close as the steep sell-off in the other grains, especially soybeans, helped to pressure.
Wheat Markets Follow Corn Up
The weekend cold weather was not as cold as feared and a lack of weather issues ahead helped to pressure the market early in the session Monday.
Wheat Market Finished Moderately Lower
Less fear of cold weather issues ahead plus ideas that the winter wheat crop yield potential is very high helped to pressure Wednesday's wheat markets.