AgResource Wheat Comment and Analysis
CBOT Wheat Follows Corn Lower; Frigid Temps Threaten Barren W Plains: CBOT wheat futures ended 11-15 cents lower on plunging corn/soy values. ARC estimates that managed funds were long a net 25,000 contracts in Chicago on Tuesday’s close vs. 19,000 the previous week. It has clearly been a risk-off trade in recent days. The US…