US Agriculture, Soy, Corn, Wheat Prices and Charts

By International Business Times,  August 04, 2012, 04:33:06 AM EDT

US Agriculture, after the Closing Bell Report

Wheat futures ended with gains in the teens to 0.20+ at all 3 exchanges. Wheat futures still ended lower on the week. Futures proved this week they need the Corn market for support. That will very likely remain the case next week, meaning focus on Corn crop size will be the primary fundamental for Wheat.

Corn futures ended the week with slight gains thanks to late-week buying spurred by sharp weakness in the USD index. Futures were also supported by panic purchases by Mexico, as well as declining crop estimates. Focus next week will be on position squaring ahead of Friday's 1st survey-based estimate of the US Corn crop.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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