Can wheat extend bounce off $5.00?

January 30, 2015 | Grain Hedge Insights | Cody Bills

In the overnight session corn is trading ¾ of a penny lower with soybeans unchanged and a 2 cent increase in wheat. Wheat prices found support yesterday after touching $5.00 ¾ briefly during the session. Wheat seems oversold at these levels after falling sharply from the $6.77 high on December 28th. 

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