1. But pessimism still lingered that U.S. wheat will benefit from the widespread foot-and-mouth scare elsewhere. 2. Wheat benefitted from stronger-than-expected weekly export sales. 3. Wheat benefited from the gains in row crop prices, with the impact exaggerated because of thin trading volume. 4. Wheat also benefited from renewed purchases after the end of harvest activities, and soy gained from the deterioration of crop conditions last week. 5. Wheat benefited from technical buying by traders who banked on the price difference with corn. 6. Wheat benefited from a technical correction after having been oversold for several days, according to Dan Cekander, analyst for Fimat Futures USA. 7. Wheat benefited from a higher than expected level of export inspections last week. 8. Wheat benefited from forecasts of dry weather and above-average temperatures until the end of the week. 9. Wheat benefited from technical buying, pushing corn prices up in its wake. 10. Wheat benefited from USDA estimates, which were revised downward from previous forecasts. |