date:Sep 06, 2012
weekend that it bought a total of 365,000 tons of wheat--about two-thirds of it from Russia, and the rest from Ukraine and Romania. That followed other purchases of Russian wheat last month.
Lower U.S. corn futures also pressured wheat prices Wednesday, because cheaper corn can reduce demand for wheat as a substitute in animal feed. Soybean prices also declined after hitting a new all-time high Tuesday, as the grain-and-soy complex saw profit-taking.
If corn is down, then the whole thing is goin