date:Dec 08, 2015
uinn Commodities said.
There is no fundamental reason for wheat to rally, but in the past similar instances of speculative selling have led to bottoming price action.
I wouldnt be shocked to see more short covering headed into Wednesdays report.
Indeed, Chicago wheat for March added 0.6% to $4.87 a bushel.
It also helped that the pace of deliveries against the expiring December contract continued to slow, to 101 lots on Friday night, well below the 2,343 lots a week before.
Corn vs wheat
Corn f