Price Report - January 13, 2017
Supported by strong export demand, KCBT and MGEX wheat futures climbed for the third consecutive week. The smallest winter wheat planted area since 1909 provided additional support to KCBT and lifted CBOT wheat futures higher. Since Dec. 2, CBOT wheat futures have rallied 10%, KCBT climbed 15% and MGEX increased 7%. CBOT March wheat futures rose 3 cents to $4.26/bu, KCBT added 15 cents to $4.49/bu and MGEX jumped 32 cents to $5.83/bu. CBOT March corn finished the week flat at $3.58/bu and CBOT January soybeans grew 56 cents to $10.42/bu.