The bargain hunters were back in the US wheat pits overnight. This appeared to trigger a round of short covering resulting in the market rally on the back of technical trade. Soft red wheat futures at Chicago fell 8.9%...

US wheat futures were torn between planting delays in the spring wheat, pretty meh weekly sales and export data and the thoughts that old crop wheat carry over may creep in higher than USDA projections thanks to lagging export...

Without any fundamental support wheat once again assumed the path of least resistance and US futures fell away. Minneapolis still appears to be the contract with the most to lose. HRW and SRW contracts are already close to historically...