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A good day for wheat market

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    #1

    A good day for wheat market

    Chicago leading the way. A close tomorrow above 4.97 Dec or so would indicate some stability. Maybe the low is in.
    I'd give Kansas and Minneapolis one more day of strength.
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    #2
    I've said earlier I wouldn't want to be shorting the market at the levels it was at.

    I think when the corn combines roll a lower than expected yield could pull wheat further. Below 165/bus/acre should float prices higher across the board.

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      #3
      Price action not terrific today but not too bad either. Wait and see what the rest of the week brings.
      Basis deteriorated today for some types of wheat.

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