41. Traders anticipated a decline in sales as they speculated that high U.S. wheat prices would allow Argentina and Australia, with bumper harvests, to undercut U.S. exporters. 42. Traders had anticipated greater losses after a mid-April freeze in the Plains. 43. Traders had anticipated that more production would be lost after freezing temperatures struck the Plains in mid-April. 44. Traders are thus anticipating the next rate increase by bidding down the prices of stocks and bonds to cushion the blow of the expected interest-rate action. 45. Traders had anticipated a larger increase. 46. Traders now are anticipating farmers will get a chance to resume the harvest. 47. Traders still anticipate that the Fed will leave rates unchanged when it meets next week. 48. Traders also anticipate that little more price-weakening news is on the horizon and the market has already priced in all the news of excess supplies. 49. Traders also anticipated there might be some move in interest rates following the report, he said. 50. Traders anticipated a jump in orders for exporters like GE, Hewlett-Packard, Caterpillar and Intel, all of which gained. |