11. In wheat, prices also were pressured by slow demand and by prospects that large deliveries might be made against the September contract. 12. Meanwhile, inventory levels are behaving like a downward spiral, continuing to pressure prices customers pay to refill oil tanks. 13. Prices were also pressured as farmers continued to sell their stored crop after the recent run-up in futures prices. 14. Prices also were pressured by improved growing conditions in Brazil because of rain. 15. Prices were also pressured by year-end portfolio adjustments by managers who are starting to close their books. 16. Prices also were pressured on concern about the large number of positions being taken in long-term contracts. 17. Prices also were pressured by a USDA report on wheat stocks. 18. Slow export business also pressured prices. 19. Slow export business and prospects for a good spring crop pressured prices. 20. Soybean prices were pressured, partly by good growing conditions in South America and spillover pressure from wheat futures. |