AgResource Wheat Comment and Analysis
Spot CBOT Wheat Scores 4-Month High; German Yield Lowered; Russian Wheat Undervalued?: Wheat futures surged on Wednesday as speculative short covering continues. Fundamental support comes from implied higher feed consumption in the US and as Germany’s co-op trimmed its estimated production to 21.9 MMTs, vs. 22.6 last year following weeks of abnormal heat and dryness.…