MGE wheat higher early in bounceback

20 Mar, 2008

Wheat futures on the Chicago Board of Trade, the Kansas City Board of Trade and the Minneapolis Grain Exchange were higher early on Tuesday in a technical bounce after limit declines on Monday, traders said.
As of 9:37 am CDT (1437 GMT), CBOT May wheat was up 15-1/2 cents at $11.47 per bushel. MGE May spring wheat was up 30 cents at $14.20. KCBT May wheat was up 3/4 cent at $12.00-3/4, but trade was volatile, with the contract dipping lower at times.

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