date:Dec 29, 2012
icago wheat remains a stiff discount to other origins around the world and March wheat ended the day close to an 80 cent premium to March corn.
Both of which could be supportive demand features in 2013. The updated drought monitor shows very little improvement in conditions in the western plains with most of the wheat growing regions in KS, OK, and NE is extreme to exceptional drought status.
Traders noted that volume was light on the move lower midday.
March Oats closed down 7 at 353. This