Wheat up over 6 %, Corn Higher

Wheat futures settled the session up over 6.5 % on Thursday. July Chicago Wheat settled at 514 1/4, up 32 3/4 cents. July Kansas City Wheat settled at 543 1/4, up 33 3/4 cents. Market talk about too much rain and lower yields led to weather related general buying. Corn futures traded firm on spillover buying from Wheat. July Corn settled at 368, up 5 3/4 cents. December Corn settled at 384 3/4, up 6 1/4 cents.