AgResource Wheat Comment and Analysis
** Wheat Tests Chart Support; Gulf HRW Too Expensive for Egypt: US wheat futures ended sharply lower, with July CBOT and July KC testing major chart-based support. A close below $5.35, July CBOT, projects a test of $4.95-5.00 if normal rainfall persists in Ukraine and Russia into mid-May. Egypt secured a 240,000 MTs from France…