Home » Wheat futures advance on talk of China back in marketSource: Sosland Publishing Co.
Recap for January 4
- Wheat futures closed higher Thursday with Chicago soft red winter contracts leading the way, bouncing off one-month lows on talk that China may be seeking more US soft red winter wheat. Soybean futures declined amid rains providing relief to dry Brazilian fields and concerns about US export sales. Corn futures were slightly higher in market consolidation moves in the nearby months, mixed later. March corn futures ticked up 1¼¢ to close at $4.66½ per bu; later months were unchanged or narrowly mixed. Chicago March wheat jumped 13¼¢ to close at $6.13½ per bu. Kansas City March wheat added 4¼¢ to close at $6.25¾ per bu. Minneapolis March wheat advanced 2¾¢ to close at $7.11¼ per bu. March soybeans dropped 9½¢ to close at $12.67½ per bu. March soybean meal was down…
