“Prices range from $.11-$.24 higher in volatile, 2-sided trade. CGO Dec-26 was up $.23 ¼ at $7.84, KC Dec-26 was $.22 ¼ higher at $8.44 ¼, while Dec-26 MIAX was $.11 ½ higher at $7.69 ¼.  Next resistance for spot CGO is the July-23 high at $7.77 ¼. Spot KC futures traded through its 38% Fibonacci on the weekly chart with the 50% retracement coming in at $9.29. This afternoon’s CFTC report may show MM’s still net short CGO wheat as it captures positions through Tuesday’s trade, almost certain they are long at today’s close. Ukraine’s ag minister expects winter wheat acres will be down this fall without providing specifics, as logistical issues continue to restrict grain shipments while drought impacts Southern growing areas. Planted area in Russia is also likely to be lower.  Logistical issues are starting to lead to production/supply issues. France loaded its first wheat shipment destined for Sudan in 18 years.  US spring wheat acres in drought surged 17% last week to 80%,” pointed out Mark Soderberg with ADM Investor Services.