Weekly grain report

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

3/22/13: Back from vacation, but after seeing what the market has done since I left, perhaps I should have stayed away. Soft white wheat basis vs. Chicago futures dropped 45 cents from late last week into this week, a result of a large producer selling at the end of last week combined with limited known export demand for white wheat going forward. The last big export news was the CCC donation tender for Bangladesh which took place last week and reportedly at prices 20 cents below the market at the time. Also it has been repo...