“A lack of notable crop problems in the world and increasing production estimates makes it hard for the wheat market to find footing,” CHS Hedging said.

Wheat was “taken to the woodshed” again Monday, Blue Line Futures said, as they see no reason to be bullish on wheat prices at the moment. “Funds are aggressively short grains, and don’t seem to be selling into contract lows for Mpls and KC contracts.”

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