Market Overview

Wheat Higher


The USDA report on Tuesday showed planted acreage for all wheat was 55.367 million acres. All winter wheat planted area was 40.751 million. Spring wheat was 12.969 million. March 1 wheat stocks were 1.124 billion bushels versus 1.057 billion last year.

Chatter about weather in Europe and the Plains in the U.S. continues.

Wheat futures are trading a little higher after Tuesday's decline. May Wheat is trading at 514 1/2, up 2 3/4 cents. July Chicago wheat is trading at 516 1/2, up 2 3/4 cents. May Kansas City Wheat is trading at 562 3/4, up 3 1/2 cents.


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Posted-In: WheatFutures Commodities Markets