Wheat Futures Prices
Although wheat futures prices will remain under downward pressure, they did get some respite today as short-covering gave it a nice jump today, even after the spot contract plunged to an almost 6-month low.
The May wheat contract was ahead by 5 1/2 cents at $4.70 1/4 a bushel by 12:10 p.m., after falling to $4.62 1/4, a contract low and the lowest spot wheat price since October.
Price competition and a burgeoning global wheat supply has kept the price of wheat down for some time, and things don't look like they're going to change any time soon.
Wheat Futures Prices
No comments:
Post a Comment