US wheat rose for a seventh straight session on Wednesday to match the longest rally since January as a drop in the dollar improved export prospects for US supplies while production concerns grew. High-quality spring wheat futures traded at the smaller exchange in Minneapolis led the charge, rising more than 2 percent amid concerns over poor yields from the crop being harvested.
Minneapolis Grain Exchange spring wheat futures rose 26-1/4 cents to $9.22-1/2 a bushel, at 11:47 am CDT (1647 GMT), Chicago Board of Trade September wheat was up 8-1/4 cents, or 1.1 percent, at $7.39-1/4, after rising to the highest since June 16. The September CBOT nearby corn contract was 1-1/4 cents higher at $7.15-1/4, and nearby CBOT soyabeans were up 14-1/4 cents, or 1.1 percent, at $13.54-1/4.
Comments
Comments are closed.