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World's Wheat Supplies Condition Boosts U.S. Wheat Prices
Happy Thanksgiving, may your day be filled with family, friends and fabulous food brought to you by our nation's hard working farm families. Wednesday continued with higher wheat prices due in part from poor wheat conditions around the world.
U.S. Dollar Down Strengthens Grain Markets
U.S. dollar down on the day Friday which helped to strengthen the grain markets.
Wheat Markets End Mixed
Wheat futures traded both sides of the unchanged Friday despite the weaker action in the corn market.
Corn Spillover Affects Wheat Market Slightly Lower
The wheat market trade higher for most of the session Wednesday but heavy midday selling in the corn market left wheat vulnerable to spillover pressure which ultimately pushed KC and Chicago into the red.
Big Down Day in Grains
Wheat futures were on the defensive throughout the day Monday and extended losses into the close to finish in the teens to 20-plus cents lower in Chicago.
Wheat Market Finds Renewed Buying Interest
Wheat found renewed buying interest at all three exchanges on crop condition concerns as the dollar again traded higher.
Wheat Market Had Minor Support
Wheat markets traded mixed on the day Tuesday but saw minor support from a stronger corn market.
Wheat Market Trades Higher
Grain and soybean bids traded higher after losses posted Wednesday. Wheat and soybeans saw gains on better than expected export sales.
Wheat Market Slightly Lower
KC and Chicago wheat traded slightly lower into the closing bell Tuesday on thoughts that export demand may not pick up enough to hit the current USDA export estimate for this crop year.
Wheat Market Finishes Down
KC and Chicago wheat traded lower on the day despite positive export demand numbers reported Thursday morning.