The information in this file is provided by North American Risk Management Services, Inc.
After months of ongoing concerns about declining world wheat crops this year, rains last week in Argentina and Western Australia lead to talk that this year's Southern Hemisphere crops might be stabilizing. The prompted prompted profit-taking that resulted in breaking a two-month uptrend and further liquidation from investment funds ahead of the USDA's world production and supply/demand update on October 12.
For the full report view the PDF below.