Bearish Report for Wheat, How Low Can the Market Fall?
Dec 11, 2012
Cody and Logan discuss today's trade action coming on the heels of Tuesday's USDA WASDE Report. Wheat had the biggest surprise of the day with ending stocks being raised 50 million bushels. All of the increase was due to a decrease in exports of the same amount. No revisions were made to corn supply and demand, but soybean crushings saw a 10 million bushel increase. Wheat was really the leader to the downside in today's trade, so how low can we trade? Tune in to find out.
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