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Worries Keep Wheat Rally Under Wraps

The wheat market continues to swim upstream, at a time when the current normally would be in its favor, at least a little. But worries about government regulation and the health of the global economy are combining to keep rallies in check.

While a sub-committee of the CFTC refrained from recommending major action to force convergence between cash and Chicago futures, issues about fund holdings in commodities face three hearings over the next two weeks. With the head of the CFTC already suggesting new rules on funds, the market is understandably worried.

To read Bryce Knorr's complete weekly wheat review, click HERE.