Price Report - May 18, 2018
Dry weather in Australia and worsening drought conditions in the U.S. Southern Plains pushed wheat futures higher this week. A stronger U.S. dollar, which makes U.S. wheat more expensive relative to competing origins, limited gains. CBOT July wheat added 19 cents to $5.18/bu, KCBT climbed 21 cents to $5.39/bu and MGEX grew 24 cents to $6.29/bu. CBOT July corn increased 6 cents to $4.02/bu, and CBOT July soybeans fell 5 cents to $9.98/bu.