date:Nov 07, 2012
utures today was also linked to a more favorable weather forecast for South America this week.
Drier conditions are expected for Southern Brazil and Argentina while Northern Brazil is expected to see better rainfall. Both weather events could help summer planting progress and could be considered a short term negative to prices if they develop.
Wheat Futures Closed Higher
December Wheat finished up 1 1/2 at 866, 9 3/4 off the high and 3 up from the low. March Wheat closed up 3/4 at 879 1/4. Th