Wheat spikes higher, but then retreats after news of China buying 116K tons from the U.S., the...

|By:, SA News Editor

Wheat spikes higher, but then retreats after news of China buying 116K tons from the U.S., the largest amount since 2005. A major drought in China's main wheat-growing region has eased recently, but a short crop is still feared. JJG +0.5%, GRU -0.4%.