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The Hightower Report said, “Not too often lately can you say that wheat offered support to the other grains but a minor short covering rally this morning gave the market a boost off new 5-year lows overnight. We don’t see any specific bullish news to attribute to the rally but this week’s downtrend and rising open interest has moved prices down to their most oversold level since August, it is tough to find anyone bullish, and the market ended with a minor reversal higher.” Amanda Brill at Total Farm Marketing said, “According to a Reuters poll of analysts, the average estimate of U.S. winter wheat planting progress is 66% complete. This would be up from last week’s guess of 50%. The official USDA data has not been released because of the government shutdown.”





