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New 9 month Chicago wheat highs overnight tapered to half the gains by the close, US crop report still looming midday today.
Higher world wheat futures overnight on Russian weather woes, US crop report tomorrow during the session.
Moving Forward, Wheat is All About Russia; Rains 4-5 Days Out Will Benefit the Driest Areas of Kansas
Lower ags overnight with KC dropping below old March highs and soybeans dropping below 38 retrace and testing old March highs the feature. We will see if fund buying reappears again in the day session or not. US crop reports looming Friday.
Wheat Closes 8-10 Cents Above the Overnight Lows as Fund Buying Stays Active During the Day Session
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