palm oil

U.S. markets closed lower on Friday and lower for the week in response to the USDA planted area estimates.
Wheat prices remain generally firm on ideas of reduced planted area for Winter Wheat this year.
Demand was seen in Soybeans and unknown destinations bought 132,000 tons. Ideas are that China is adding to purchases.
Rice closed a little lower in consolidation trading.

Wheat                      

Wheat                      

Wheat

Wheat was tried to rally yesterday, but could not hold the best gains of the day.

Wheat Fundamental Support

Wheat was lower as more problems surfaced with Egyptian Wheat deliveries and as demand overall remains bad. The market overall remains slow, with sellers still looking hard for buyers. India is likely to become a buyer soon as it looks like the uneven monsoon first year could have damaged production.
Soybean sutures recovered from lower levels to close the week little changed.