date:Jul 25, 2013
ow for the move today but managed to close above its early July lows as buyers came into the market near the end of the session.
The KC market extended its premium to Chicago futures throughout the day and wheat vs. corn spreads pushed higher. European wheat futures fell to a new contract low this morning and the slide lower was triggered by weakness in the US market but also due to favorable harvest conditions and production potential.
There was some chatter that China may be a buyer on a si