The Times - Serving Waitsburg, Dayton and the Touchet Valley

The wheat futures market has bounced off of a range high last week and moved lower since Feb. 6, as Chicago has trimmed 26 cents from the week-ago level of $6.70.

Soft White wheat bids were actually up more than a dime in the same week, with current bids around $7.08 per bushel delivered to Portland, a reflection of good demand from the Pacific Rim countries for white wheat. For Chicago, that puts us just about halfway back down in the range, within a nickel of the center of the 5-month range. Whenever a market that has been trading in a range as Chicago wheat has been doing since late Sept...