Pro Farmer: After The Bell Wheat Recap
By Pro Farmer - Fri 04 Jan 2013 14:36:58 CT
Related Keywords: Agriculture

Wheat futures ended roughly 8 to 10 cents lower in Chicago, with slightly lesser losses in Kansas City and Minneapolis. Most contracts at all three exchanges ended mid-range. Wheat futures sharply extended the recent price slide this week. With the trend strongly in bears' favor, there's risk of fresh selling pressure next week. But after recent, sharp price pressure, traders may want to cover short positions ahead of USDA's barrage of reports next Friday -- just in case there's a bullish surprise.
 


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