Weekly grain report

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

10/31/12: Egypt bought Romanian, French and (surprise!) Russian wheat on their overnight tender as the U.S. was skunked again. However our wheat wasn’t nearly as far out of the ballpark as it used to be. Chicago wheat futures rallied on the day but gave back half of their gains by the close. Still no pattern-breaking news. The U.S. winter wheat crop starts out its life in slightly worse condition than last year’s did, which was on the low end of historical condition averages. There’s another USDA supply-and-demand report out...