Most of this week was spent correcting the major rally during March, reportsSuccessful Farming.
After about a 50% correction, the markets seemed to catch, and managed a strong day on Friday. Much of the enthusiasm that propelled wheat higher - flour mills running non-stop, tight supplies of spot wheat and general panic buying - has waned.
However, there is one bullish factor that hasn’t waned, and that is the developing dryness across the Black Sea.