date:Nov 09, 2012
Brazil is expected to see rainfall this week which should relieve soil moisture deficits. Additional pressure was linked to thoughts that the USDA will raise the US average soybean yield and production estimate in this Friday's USDA report.
Wheat Futures Closed Higher
December Wheat finished up 17 at 894, 3 off the high and 23 1/4 up from the low. March Wheat closed up 17 1/4 at 907 3/4. This was 23 1/2 up from the low and 3 off the high.
December Chicago wheat surged to its highest level si