Drought-damaged wheat withers in the sunshine.

Wheat market reacts to rain in U.S. Plains

Industry officials are flummoxed by recent wheat market behaviour. Hard Red Winter Wheat (HRWW) July futures tumbled 16 percent between April 18 and May 2. The freefall was due in part to a two-day rain during the last week of April that delivered up to 100 millimetres of moisture to parts of the U.S. Southern […] Read more