Gary Hofer: MARKET BULLETS

U.S. grain markets, including wheat, corn and soybeans are reflecting some volatility, as they bounce in a 30-40 cent range, but essentially they have no direction.

Wheat in Chicago has accomplished nothing since late January this year. Tuesday’s closing price was within two cents of the same level as the first day of February, nearly 3 months back.

The world always waits to see if spring weather in the northern hemisphere will create a crop-scare. So far the prime ingredient, moisture, has shown up enough to at least prevent a disaster in most major regions, although the Pacific Northwest is...