Friday, November 6, 2009

Wheat lacking fundamental supports as stocks remain large


Wheat

For the week, Chicago wheat closed $.53 1/2 lower; Kansas City wheat $.50 1/2 lower and Minneapolis wheat $.48 lower. Wheat values should slide quickly as there is no fundamental support for these prices. U.S. and world ending stocks remain huge and current usage is slow, leaving the stocks at a large level......


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