CBOT Rallies As Hot/Dry Weather Concern Grows; Wheat Above 50 Day Average
** The push in July Minn wheat to new 2 year highs (above $6.00/Bu) caused general nervousness among CBOT bears, and short covering has been the result. Much of the covering occurred during the first 45 mins of trade with corn back testing resistance at $3.80 while July Chi wheat has rallied above $4.40. The…