date:Dec 08, 2015
hed their position size past 80,000 on one occasion, in the spring, Benson Quinn Commodities said.
There is no fundamental reason for wheat to rally, but in the past similar instances of speculative selling have led to bottoming price action.
I wouldnt be shocked to see more short covering headed into Wednesdays report.
Indeed, Chicago wheat for March added 0.6% to $4.87 a bushel.
It also helped that the pace of deliveries against the expiring December contract continued to slow, to 101 lot