Wheat prices will have a tough time rallying, this fall, analyst says.
Wheat is expected to trade in a range, in the near future.
Wheat markets were slightly higher for the week with Chicago again leading the way with a 4-cent gain; Kansas City was 1-cent higher and Minn up 2 cents.
Rumors of China buying U.S. soft red winter wheat were never confirmed.
Weather will dominate row crop price action for at least the next four weeks.
Hot, dry, and windy conditions will accelerate crop maturity and harvesting and likely add to price pressure over the next couple of weeks.