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:

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