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Weekly grain report

After tough week, grain rallies

Byron Behne watches the grain markets for the Odessa Union Warehouse.

12/21/11: White wheat prices stalled out Wednesday but Chicago wheat futures managed to tack on 9 cents after trading lower to start the session. Some weather models are reducing the chances for rain in Argentina over the coming days which helped March corn futures move above the 30 day moving average for the first time since the middle of November. If prices can hold or move above these levels then it could generate more short covering by speculators and help prices rise further. Grain export sales will be out in the mornin...

 

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