Weekly grain report

Byron Behne watches the grain markets for the Odessa Union Warehouse.

4/3/13: Big rally in Chicago wheat futures today, which has so far continued into the evening session, as it was rumored that China was in buying a bunch of U.S. SRW. Unfortunately, for the first time in several months, soft white prices have broken their link to Chicago futures and have refused to budge, up only five cents from yesterday, while Chicago has gained over 30 cents. Most exporters in Portland have gone back to flat-price soft white bids instead of the basis bids they’d been using for the last few months. White w...