Full Desk
Wheat (ZW) — consolidating after rally in high regime
Cautiously bullish on May 12 WASDE production downgrades confirming most severe U.S. wheat shortfall since 1972 with crop conditions at 28% good-to-excellent versus 46% last year, yet increasingly concerned about sustainability above 650 given 6% pullback from May 12 highs, global stocks at 951.5 mi