Morning markets: grains struggle to keep New Year resilience
date:Jan 08, 2014
their net long by 29,000 contracts.

In fact, among major agricultural commodities, it was only cotton and live cattle which enjoyed more bullish positioning.

Winterkill fears

Nor were they keen to push the boat out on Tuesday, with only wheat among Chicago's big three managing to hold its ground, standing unchanged at $6.05 a bushel for March delivery as of 09:30 UK time (03:30 Chicago time).

And that required the support of the US cold snap which is seen as causing some winterkill, although
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