Wheat Rallies on Russian Dryness with Funds Adding to Length; US Soy Exports Increasing on Brazilian Seeding Delay?
CBOT wheat values are higher at midday with KC leading the advance. The world wheat market has pushed into a more dynamic bull phase based on SW Russian dryness (forecast to persist for 2 weeks). In weather bull markets, premium is added early and late in the week with a normal midweek sag. Summer CBOT…