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Wheat Rebounds On Supply Woes, Corn At Two-Week High

Published on Sep 5 2018 11:59 AM in Supply Chain tagged: Wheat / Russia / grain / chicago / wheat futures / Paywall

Wheat Rebounds On Supply Woes, Corn At Two-Week High

Chicago wheat futures rose on Wednesday, recouping some of last session's deep losses on expectations of lower production in key exporting countries.

Corn climbed to a two-week high as excessive rains threaten to reduce yields of the U.S. crop.

The most-active wheat contract on the Chicago Board of Trade gained 0.6 percent to $5.34-3/4 a bushel by 0231 GMT. It closed down 2.6 percent on Tuesday, when prices touched their lowest since Aug. 28 at $5.19-1/2 a bushel.

Corn was up 0.3 percent at $3.69-1/2 a bushel after climbing to its highest since Aug. 22 at $3.69-3/4 a bushel and soybeans added 0.5 percent to $8.48-1/4 a bushel.

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