Chart of the day is....

.....wheat futures, CBOT, monthly candles, year 2000 to date.

Here are some click-throughable news stories to go with it. No more commentary from me, except to mention that for those with the urge to trade grains and without easy access to the Chicago action, try DBA, the grains ETF.

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Reuters

GRAINS-U.S. corn down after Argentine rains aid outlook

02.09.09, 01:16 AM EST

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RPT-ANALYSIS-Despite drought "emergency", China wheat crop ok

Sun Feb 8, 2009 9:57pm ES

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Pride of Argentina Falls on Hard Times

Drought Kills Off Cattle by Thousands

Washington Post Foreign Service
Monday, February 9

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Fungus Poses New Threat To China's Wheat Crop

Paul Maidment, 02.06.09, 09:09 PM EST

Stripe rust is more widespread than usual and affecting not just the country's drought-stricken provinces.

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