Market Overview

Wheat Futures Higher

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September Chicago Wheat is trading at 406 1/2, up 2 1/2 cents/bushel. December Chicago Wheat is trading at 429, up 2 3/4 cents/bushel. September Kansas City Wheat is trading at 409 1/2 , up 1 3/4 cents/bushel. December Kansas City Wheat is trading at 435 3/4, up 1 3/4 cents/bushel.

Wheat futures are trading a little higher. December Chicago Wheat traded at new contract lows Wednesday. Trading is rangebound.

Statistics Canada estimated 2016 all wheat production at 30.49 million tonnes, up 10.5 percent versus a year ago at 27.59 million tonnes. The USDA weekly export sales report is due out at 8:30 a.m. ET.

Posted-In: Wheat futuresFutures Commodities Markets

 

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