Wheat rally

[WPmarkets]

Wheat dominated the crop markets today, arising from its slumber on a short covering rally, possibly sparked by concerns about excess moisture in the U.S. southern Plains.
For the rest of the story:
http://www.producer.com/?p=145223

[charliep]

Currency re-alignment/weaker US greenback has also been a factor. Banging on technical support. Stay tuned.

[agstar77]

Shorts have made as much as they can now it is longs turn, that is how the game is played can't make money with a stagnant price. Who cares if farmers get trampled or the poor starve.

[fjlip]

Yup, the billionaires make money going up and down! No money in stagnant prices, good description.

[furrowtickler]

Had absolutely nothing to do with the below 30F deg tamp at heading eh ???
Nope, winter wheat is intolerant to frost at all stages I guess - nope no snow at flag leaf to heading here or below freezing anywhere - wow .......
Like a doctor .. ooops , all good ??

[TOM4CWB]

China reduced wheat production by 5mmt, increased consumption by 8mmt and recent India reductions of 6mmt in supply lead to a 19mmt change in the supply demand picture according to DTN.

Cargill was looking for CPS @ $5 quoted for nearby and Dec. Delivery.