NEWS
Canada Markets Blog
Cliff Jamieson Canadian Grains Analyst
Fri Dec 28, 2012 05:14 PM CST

One week's data does not make a trend, but wheat market watchers received a pleasant surprise this morning: the USDA announced United States wheat export sales at 1.01 million mt for the week ending Dec. 20. This was the largest one-week sales volume reported since February 2011 and far exceeded expectations from the trade. Is this the turning point that the market has been waiting for? Perhaps the markets didn't think so.

Kansas City hard red winter wheat futures closed up 2 3/4 cents today, posting losses of 16 cents for the week. Chicago soft red winter wheat futures gained ...

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