The wheat markets saw a positive reaction following the December USDA report. “The ending stocks numbers are still pretty large, but it’s a step in the right direction,” said Brian Hoops, president, Midwest Market Solutions. Wheat also has a story with supply issues popping up in Russia. “We’ve had other news about a lower wheat crop estimate. That could mean the U.S. gets some export business down the road. Russia may also limit how many exports they have, keeping more inventory for themselves.”
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