ARC Mid-Day Commentary; Wheat Plunges on Spec Selling as Corn Soars on Export Demand; Rumors of EU Demand for US Soymeal as EU Nat Gas Prices Soar
Wheat values are sharply lower while corn/soy futures try to hang onto a moderate rally effort. The volume of CBOT trade is in decline (from prior days) with trader interest watching whether wheat can close limit down? Wheat is on a string of limit days amid extreme market volatility. May Chi wheat was down over…