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All three wheat classes are trading higher this morning as continued fighting in Iran supports crude oil prices and commodities in general, Total Farm Marketing said. May Chicago wheat is up 8-1/2 cents to $5.99-1/4, KC is up 9-1/2 cents to $6.18, and Minn is up 1-1/4 cents to $6.36-1/4.
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“The wheat complex traded with double digit gains across the three exchanges on Thursday. Chicago SRW futures were up 13 to 14 cents at midday…
The Hightower Report said, “Wheat extended its sharp rally at the close and finished with 30+ cent gains. War premium continues to drive price…
The Hightower Report said, “Chicago wheat took it on the chin yesterday and is seeing a minor recovery this morning. Yesterday’s significant t…
“According to USDA data as of March 3, about 56% of U.S. winter wheat acres are experiencing drought conditions, up 6% from the previous week …
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