AgResource Wheat Comment and Analysis
Wheat Ends Weak as Spot KC Nears Overbought Territory; US Weather Stays Threatening: US wheat ended slightly lower amid similar weakness in Europe and another new 12-month low in the Russian ruble. Cheap Russian wheat for mid-spring delivery acts as a weight, but ARC cautions against turning bearish below $6.90-7.00, basis July CBOT, as a…