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Wheat Gains amid Concerns About Colds

January 6, 2016 at 4:43 by Vladimir Vyun

Prices for wheat rose today amid concerns about potential frost damage to plants. Forecasters predict cold weather in the United States after the weekend. Eastern Europe is already experiencing freezing temperatures, and while parts of wheat-growing regions are covered in snow, it may be not enough to prevent damage to crops. Temperatures are expected to rise by Large Bounce House the weekend, but that would not mean that the threat is over. Winter is far from an end, and February has tendency to be the coldest month.

As for the rest of the agricultural market, it is mostly down as of now. Prices for corn gained while other grains and soft commodities dropped. Soybeans were among the losers.

Wheat for delivery in March ticked up 0.05 percent to $4.615 per bushel as of 4:41 GMT on CBoT today. Prices for corn advanced 0.21 percent to $3.5375 per bushel. Soybeans ticked down 0.03 percent to $8.57 per bushel.

If you have any questions and comments on the commodities today, use the form below to reply.

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