CBT Wheat Rallies on German Flooding and Need for Protein Wheat; Midday GFS Forecast Hot/Dry-How Long with the Central US Ridge Last?

It is a mixed midday CBT session with US wheat futures rising while corn/ soybean futures hang in the red in low volume trade. Wheat/corn spreading has been active with excessive European rainfall starting to inflame wheat crop quality concern. The big export seller of world wheat for August/September has been Germany/the Baltics as their…