date:Dec 08, 2015
or March eased, however, by 0.6% to $3.79 a bushel, with hedge funds already having covered a stack of net short positions in the grain, and with some idea that a move in the contracts discount to Chicago March wheat below $1 a bushel last week was not warranted.
The discount stood above $1.08 a bushel on Monday, well above Tuesdays low of $0.94 a bushel, which was 0.5 cents from a contract low, March basis.
- See more at: http://ingredientnews.com/articles/soyoil-palm-extend-rally-wheat-joins