Wednesday Wheat Market Sees Strong Gains

Wednesday Wheat Market Sees Strong Gains

Wheat prices led the grain markets today, with double-digit gains supported by improved export enthusiasm. Most contracts finished the day 10-14 cents higher.

"Wheat futures were also supported by news that Egypt's supply minister looks for the country to use its special $100 million credit line from the U.S. to make purchases of U.S. wheat for blending near-term," reports Pro Farmer's Julianne Johnston.

Strong pressure on the dollar index today supported prices across the grain sector.

Soybeans closed today 9 cents higher, while corn prices increased by just a penny.

Listen to Johnston's full market report here:

Want to talk markets with fellow farmers? Visit the AgWeb discussion boards.

Back to news



Spell Check

No comments have been posted to this News Article

Corn College TV Education Series


Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!


Market Data provided by
Brought to you by Beyer