Grain TV: Argentina Wheat Production Drops
Quiet day in corn and soybeans with both markets drifting slightly lower. An announcement of a major drop in Argentina’s wheat production, which would limit the country’s export capacity, helped wheat futures skyrocket.
The ICE Dec and Mar contracts gave back 160 and 87 points on the week, respectively, as last week’s inversion between the two contracts gave way to partial carry. Well,