Market quiet ahead of reportWheat started the week on the defense and traded with losses throughout the session. Early pressure was a result of spillover pressure from a sharply higher U.S. dollar. Additional selling was due to news that Egypt bought 120,000 metric tons of Ukraine wheat. The Minneapolis exchange was the best performer as concerns about tight stocks of high-quality wheat continue to support hard wheat’s.
By: Ray Grabanski, Special to Agweek