Grain TV: Wheat Market Gets Washed Out
Wheat selling intensified today, dragging down the rest of the grain complex. Positive weather in key wheat production areas continues to add pressure. A report that corn from South America is making it’s way to the Port of Wilmington in Delaware has some concerned that U.S. corn prices are over inflated.
The bulls were again winners in an exciting week for longs and producers. In last week’s report, I said the markets bias would be near unchanged to a bit lower.