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Wheat Jumps on Demand

Published 10/21/2011, 09:26 AM
Updated 05/14/2017, 06:45 AM
ZW
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US wheat futures finish stronger, with KCBT rising the most amid ongoing worries about dryness hurting output in the Plains.

Wheat is being planted in the region and attempting to grow. Yet, "extreme to exceptional drought will likely remain in place across most of the southern Plains for some time," says Kyle Tapley of MDA EarthSat Weather.

Light showers may ease dryness "very slightly" in eastern Oklahoma and Texas this weekend, he notes.

CBOT December wheat gains 11 1/4c to $6.30 3/4 a bushel; KCBT December climbs 19 1/2c to $7.25; MGEX December gains 6c to $9.17 1/2.

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