date:Dec 04, 2012
ggered a round of profit taking in the last 48 hours.
Chicago and KC wheat continue to struggle in the global export market as prices are overvalued relative to other world origins.
Syria and Jordan still have tenders pending and Japan's Ministry of Agriculture bought a total of 149,481 tonnes of food wheat from the US and Australia yesterday.
The western plains forecast continues to offer support to the KC market with no favorable precipitation for the next two weeks which may accelerate t