Weekly grain report

9/10/12: Our recent pattern continues, as we seem to stall out as white wheat prices rise to near the $8.30 level locally, then falls back to just below $8. Monday'’s slide took us back to the middle of that range. Again, there wasn’t anything in particular that caused today’s slide, just retracing the same pattern we’ve been in recently. Egypt liked it and tendered after the close. Whether we’re higher or lower tomorrow probably hinges on whether or not Russia feels like doing any more business with them. There’s also another USDA monthly supply-and-demand report out Wednesday. ABARE will be out in the morning with an update on expected Australian production.