“Prices were $.12-$.15 higher across the 3 classes. CGO July made a new high for the week before pulling back a touch. MGEX July held above its contract low before surging. Outside day up formation on the chart. For today at least the rallied stalled just below its 50-day MA resistance at $6.13 ½. Little in terms of fresh news to support today’s price jump. Too much rain across key U.S. winter wheat growing areas could fuel quality concerns as the crop is heading. Cool conditions with some frost in northeast Europe has also generated headlines,” explained Mark Soderberg with ADM Investor Services.