Wheat Bounces Over Corn

After a recent trip by wheat under corn, wheat has returned above corn after yesterday’s quarterly stocks report.  Little surprise to this analyst as weather that kept farmers out of fields dried out the past two to three weeks.  Corn has broken hard from nearly 8 a bu to under 6 in the Dec option.  Late planting will expose market to early frost, but that is months away as 100s are out on the plains.

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