U.S. winter wheat futures rose for the sixth day in a row today as adverse weather in key exporting countries raised supply concerns.
MGEX springwheat futures, meantime, were down 1.8%, with traders noting that much of the concern about the size of the crop was priced in when the market surged to its highest since November 2012 last Monday.
There are definitely problems for the U.S. and spring wheat crops, however, we will get to know how big the problem is only when the harvest will start.

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