date:Jan 24, 2013
Wheat futures saw two-sided trade Tuesday, but the market spent the majority of the day in negative territory and faded into the close. From the floor of the CME Group, Joe Vaclavik shares his observations of Tuesdays markets.
Vaclavik: The wheat market kinda a nasty trade today. We opened up trading 10 cents higher in the day early in the session, things back off very very quickly, finished with big losses across the board. Despite the weather situation, there isnt a great demand for this whea