Wheat has remained in the headlines all summer, even though corn and beans typically steal the show during this time of year.
Spring wheat market faces uphill battle trying to buy back acres against improving corn and soybean prices.
In general, a bearish USDA Report and now more favorable crop weather appearing in the long-term forecasts are killing wheat prices.
The grain complex gapped higher to start last week, led again by Minneapolis as it surged following another weekend of blistering drought torching Northern Plains spring crops.
Drought stress forcing spring wheat farmers to bale up their crop. The market is rallying to heights not seen in years.
For the week, Minneapolis was up 18, but Chicago was down 5 and Kansas City down 9¢.
Investors watch to see if Plain's drought moves into the Midwest
The grain complex could be headed for a major turnaround within weeks.
Weather and demand both contributed to the supportive tone by the week’s end.
Even with more adverse weather occurring on already stressed wheat crops across the Plains and Midwest, namely lots of rain, the market remains unconcerned.