Wheat
A mix of weather conditions was reported across the Southern Plains.
Frigid air is expected to trail the storm.
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Text Highlights from USDA’s January 2014 Winter Wheat Seedings Report.
Says wheat crop up 20% from previous year.
Wheat rose for a second day in Chicago to the highest price in almost two weeks on concern freezing weather may damage crops in the U.S.
Snowpack protects northern winter wheat from frigid temps.
Recent mild weather eroded protective snowcover on the High Plains.
Frigid temps to persist for several more days.
Wheat futures rose this morning amid expectations that demand for supplies from the U.S. and Europe will increase as exports from the Black Sea region slow.