On the Grains
Overnight markets were slightly higher last night. Don’t look now, but we may have a wheat move upon us. Wheat finally reversed its trajectory and snapped a streak of four lower sessions. We mentioned yesterday that we felt like wheat needed to make a move if we wanted corn and beans to play along, while here we are. Paris Milling Wheat was up last night and that has spilled over into the U.S. markets. It’s a matter of whether this move can extend itself.