Started adding a few longs purely based on USD weakness (however short-term that proves to be).
Seems to be a few nibbles (or covering) down in the 450/60 region recently.
Certainly a few things point towards more downward pressure for wheat:
http://www.bloomberg.com/news/artic...t-export-restrictions-as-rain-nourishes-crops
Won't help lol.
http://www.themoscowtimes.com/news/...ack-sea-wheat-following-price-cut/519968.html
Neither will that...
India is having a few issues with their crop though:
http://www.business-standard.com/ar...se-to-be-lesser-in-punjab-115042900943_1.html
