Rain In The Plains Sends Wheat Prices Down The Drain

Rain in the Plains sends Wheat prices down the drain: The weather market has begun for Wheat futures, as good weekend rains in the Great Plains and forecasts for additional precipitation later this week sent prices sharply lower. Today's sell-off came after the new-crop Soft-Red Winter July futures reached contract highs of 400 on Friday. July Wheat futures had been in a solid up-trend recently, as a warmer and drier than normal winter had traders concerned about the condition of this year's crop. Read More....