Weekly grain report

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

2/15/12: White wheat continued to maintain its strength in the face of weaker Chicago wheat futures. Strong export feed demand remains the main driver. Egypt is in overnight for an all-comers tender. The tender over the weekend went all to the U.S., so we’ll see how this one turns out.

2/16/12: Egypt bought U.S. wheat for the second time in a week, as no other origins managed to book the business. Once again, there were no offers from Russia or the Ukraine. French offers were 40 cents higher than U.S. SRW. Soft white wheat l...