Wheat extends recovery on export optimism
date:Aug 18, 2012
take advantage of low prices after futures declined early in the week.
Separately, soybean futures ended higher, supported by a tight supply outlook and the uncertainty of U.S. crop potential. Soybeans have a strong demand base even at high price levels, and until the market shows some signs of rationing demand, investors aren't willing to give up on bullish market bets, said Chad Henderson, president of advisory firm Prime Ag Consultants in Brookfield, Wis.
U.S. soybean inventories are estimat
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