Hard red spring wheat futures on the Minneapolis Grain Exchange ended mostly higher on Monday with the market influenced by gains in the Chicago and Kansas City winter wheat futures, traders said. MGE wheat closed 7 cents higher to 1-1/2 lower, with May down 1-1/2 at $4.96. New-crop September was up 1-1/4 at $4.97.
"We're up on the outside markets, with the cold weather but that's a concern in the winter wheat belt," a trader said. CBOT SRW wheat ended up 4-1/2 to down 2-1/2 cents in volatile weather dealings as a cold snap threatened to harm the winter wheat crop. Farmers are in the stages of sowing the US spring wheat crop so weather is not a major issue with that crop.
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