Kansas City was only 4 cents lower one day. Exports were good for wheat this week, but the market has not noticed yet. There was a news story out that two funds whose managers died in New York last week were liquidated this week causing pressure on the wheat market. The markets are trying to sort out a lot of information. Volatility is not necessarily big price moves, but it is also erratic price moves.
Prices are more erratic with the greater uncertainty in the market place.
The wheat market was interesting on Friday. The falling prices of the week were continuing. From that point the market started to rally into the close and almost finished positive for the day. If this was truly a selling climax, then next week should confirm this with a higher weekly close. It would be even more positive if the market did not feel like it had to recheck Friday's close.