Wheat is headed for a haircut this week while soybeans remain in the catbird seat, but the sum of the day was a pause with some profit-taking. Chicago has already added lots of war premium with a dose of weather topping. Today was a breather to see where this all goes, especially U.S. spring planting.  It was the third day of losses for wheat while soybeans remain on a roll and corn is bobbing and weaving. 

There is nothing in the U.S. western wheat area that looks very good. Worst, NOAA’s long-term outlook calls for more of the same. The Midwest gets a break next week, and that will aid a planting schedule that has had a slow start, but the larger pattern looks too cool and damp. The safrinha corn crop in Brazil remains...