date:Jul 16, 2013
is was 1 1/4 up from the low and 7 1/2 off the high.
Wheat futures traded stronger throughout the session as corn and soybeans dropped by double digits. The US Dollar was sharply higher which may have sent some moderate resistance into commodity markets but wheat futures continue to see buying support in the aftermath of the bullish USDA report. Bull spreading was noted in wheat vs. corn spreads.
Strong Chinese demand and a huge cut to world ending stocks for 13/14 are supportive factors but