Search: unitedfuturestradinggroup
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Slight Gain in Wheat Markets
With a bearish tone to outside market forces on Tuesday, the wheat market did not see too much selling as traders see more short-covering ahead of the USDA Crop Production and supply/demand reports for Thursday.
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Wheat Markets Closed Lower
Weakness in outside market forces and a further sell-off in the other grains plus a sharp break in crude oil and the stock market helped to pressure the market into the mid-session on Friday.
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Wheat and Cattle Markets Up
The break in the US dollar and some growing concerns for dryness in Western Europe helped to support a bounce early in the session for wheat. Then fund trader short-covering helped drive the market sharply higher into wheat's mid-session.