Price Report - July 2, 2015
Wheat futures closed higher this week on worries of harvest delays and potential quality problems in the U.S. Midwest. Additional support came from global crop concerns, including stressful dry weather in Canada and Europe. Spillover strength in corn and soy markets also pushed wheat higher. Gains were limited by reports of adequate U.S. wheat supplies and higher than expected planted area. CBOT July wheat added 24 cents to close at $5.86/bu. KCBT gained 17 cents to $5.76/bu and MGEX increased 32 cents to $6.06/bu. CBOT July corn added 35 cents to $4.20/bu and CBOT July soybeans closed 43 cents higher at $10.45/bu.