Wheat Futures Lonely At The Top

Wheat futures lonely at the top: In what was a bearish day for the grain complex, Wheat futures were a pillar of strength, posting two-week highs. Concerns that major Wheat exporters France, Australia, and Argentina are facing lower than expected production this year are underpinning prices. December Wheat's ability to move above the recent highs at $4.01 1/2 spurred further buying, as momentum traders competed with buy-stops to find willing sellers at higher prices. December Wheat traded as high as $4.08 before commercial sellers were found and spill-over selling from weaker Corn and Soybean prices capped further gains. Read More....