Market Overview

Wheat Higher

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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