Wheat Fails To Retreat!

Wheat fails to retreat! December Wheat futures climbed above $4 a bushel this afternoon, as commodity fund buying and the potential for improved export business supported prices. Early support came from a report that the Australian 2006-07 Wheat crop will be down nearly 35% from USDA estimates due to severe drought conditions. This news comes on top of poor Wheat crops in Argentina and parts of Europe. Read More....