date:Aug 02, 2013
rply higher on the day and the market rallied for the 3rd day in a row. The upside action was being led by the KC market and the Chicago December wheat vs. December corn spread traded up just shy of +200, a new 2-month high.
Quality issues are beginning to flare up in the European wheat market as harvest moves forward in France and are just beginning in Germany.
Traders noted that protein in some areas might be an issue with reports indicating some of the crop is coming in below 11% protein, w