Wheat Market Recap
US wheat futures end higher Wednesday as the market continues to get pulled higher by corn. Hot, dry South America weather is threatening the corn crop and is the dominant factor in grains. Wheat dragged higher since smaller corn supplies could mean more demand for wheat as feed. Export demand remains weak, however, and traders say gains fueled largely by short-covering. Like corn, CBOT wheat up 8 days in a row. March CBOT wheat ends up 6 1/2c to $6.51 1/4 a bushel, KCBT March wheat up 3 1/2c to $6.99 1/4 and MGEX March wheat up 1/2c to $8.63.
Bron: CME