date:Aug 29, 2014
peculators cut bets on declining prices in the past three weeks after holding the biggest net-short position at the end of July since a record bearish wager in January.
Its all a guessing game at this point, Matt Ammermann, a commodity risk manager from INTL FCStone, said by telephone today from St. Louis Park, Minnesota. With conflicting headlines, it creates fear in the market, and the funds are short so youll see buying.
Wheat for December delivery rose 1.2 per cent to $5.6875 a bushel by 7