date:Feb 07, 2013
This was 5 3/4 up from the low and 9 3/4 off the high.
KC and Chicago wheat traded lower into the closing bell on profit taking and as technical signals soured which added momentum to the downside.
KC wheat lost ground to Chicago and both wheat markets narrow their premium to corn. The corn market began the advance lower this morning after reporting terrible export demand data yesterday and on a slightly wetter forecast for Argentina next week.
The trade is expecting a slight uptick in the US