Wheat Retreats!

Wheat retreats! Precipitation, in the form of rain and snow, fell in the Great Plains over the weekend, bringing much needed moisture to new-crop Wheat, helping pull prices towards six-week lows. Wheat prices were in a 3-month long bull-trend, as concerns about dry weather in Kansas and Oklahoma sent July Wheat to $4 per bushel just 10 days ago. How things have changed! New-crop futures have dropped over 40 cents in the past several sessions, as timely rains and weak export prospects have bulls on the defensive. Read More....