AgResource Wheat Comment and Analysis
Spot CBOT Wheat Scores 14-Month Low; Market Deeply Oversold: Wheat futures worldwide continue to shed premium with Dec CBOT now perched just above $7.00. There is no one catalyst for the break, but a weakening Russian ruble keeps Russian wheat attractive to importers. ABARES raised its Australian production forecast to 36.6 MMTs, vs. USDA’s 34.5.…