
Wheat prices also extremely choppy, down sharp up sharp and so on.
Wheat also looks to be consolidating near the lower end of the range with chart support around $8.20-8.30, overhead resistance initially around 9.20 with further resistance around the $10 level.
We believe the marketplace and traders in general are waiting for further weather development to determine if the U.S. corn and bean cops will be getting bigger on favorable weather or shrinking smaller on threatening weather.