Weekly grain report

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

2/10/12: Chicago futures closed down 16 cents Friday, however white wheat again faired very well in the face of that pressure. Since Thursday’s report, wheat futures have lost 30 cents and corn futures are down a dime. White wheat prices have followed corn prices much more closely, which isn’t surprising, since much of the export business done recently has been feed.

The only significantly bearish item on the supply-and-demand report was that world wheat ending stocks were increased by 3 million metric tons on a production i...