Search: garywagner
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Wheat Market Nearly Unchanged
The wheat market rallied late in the session after corn and soybeans climbed off session lows and turned positive on Wednesday.
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Positive Wheat Markets Monday
The market opened near unchanged on Monday but quickly experienced active short-covering to drive the market moderately higher on the day into the mid-session.
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Wheat Market Had Little Movement
May wheat managed to close slightly higher on the session Tuesday after spending much of the day in negative territory. Rain in the plains overnight and ideas that the crop may continue to improve helped to spark the early selling pressures.
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Muted Response to USDA Forecast
Wheat is at risk of more near-term price pressure as Black Sea supply concerns have eased and global supplies are ample.
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Bearish Results from USDA Reports
The much awaited USDA reports Thursday brought bearish news to the markets.