Markets struggle as dollar ralliesThe wheat market started the week on the defense, trading with modest losses throughout the session. By midsession the wheat markets started to accelerate its losses. By late in the session, the wheat exchanges were trading with double-digit losses and appearing to be heading for a train wreck. The wheat had little news of its own to give it directions. Selling pressure was a result of a sharply higher U.S. dollar. Toward the end of the session, wheat did stage an impressive rally, recovering all it is losses to end with only a minor loss.
By: Ray Grabanski,