date:Mar 17, 2016
while the freeze was unlikely to do much damage to the crop you never can tell with cold snaps, as they can sometimes take a nasty turn.
The market will remain wary until it passes.
Benson Quinn Commodities said that you wouldnt want to be much colder than low 20s Fahrenheit for very long, if wishing to avoid crop damage.
Expecting some vegetation to be burnt back in a few areas probably isnt out of line.
This, combined with the fact that funds do retain a notable net short in wheat, is pro