The Times - Serving Waitsburg, Dayton and the Touchet Valley

We may finally be approaching a market consensus that allows a breakout of the more-than-4-monthold trading range for wheat prices. Even though there is a reasonable technical chart-based rational for lower prices, the variety of fundamental factors now emerging in the market's mind is all positive.

This week, the USDA released the last crop condition update until spring. The U.S. winter wheat crop condition has continued to deteriorate due to lingering drought. The government reported Monday that only 33 percent of the national winter wheat crop was in good to excellent condition as of Sunday...