At the risk of sounding like a party pooper, I've got to say it's hard to get excited about the rally over the past few weeks in the wheat market.
Sure, futures in
It's also dry in parts of the southwest Plains, which are expected to remain that way for at least the next two weeks. But both conditions are typical for winter, which is one reason why the move in the futures market came right on schedule.
The other factor playing into the rally is ideas winter wheat seedings were down. This too is another reason why wheat tends to rally into the January USDA seedings report.