Soybeans rally to three-month highsThe wheat exchanges started the week lower. Pressure from a lower corn market spilled over to pressure the wheat. A stronger U.S. dollar did add to the selling pressure. Fund selling added pressure as most were looking to take profits on the past few weeks’ strength. In addition, traders were positioning ahead of the April 19 crop progress report, which should show decent seeding progress for spring wheat as well as strong crop ratings for the winter wheat.
By: Ray Grabanski,