The wheat market discovered yet again last week it doesn't have many friends. Even a Facebook page isn't likely to attract much interest to this beleaguered complex.
Futures made new lows at all three exchanges Friday, a disappointing end to a disappointing week. The only good news for wheat is that things probably can't get much worse.
Hopefully.
Farm Futures sees carryout at 700 million bushels, and we're the most optimistic of the usual suspects surveyed by the wire services. Spring wheat production is like to increase in Wednesday's USDA, easing any short term supply concerns.
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