The wheat price on the Matif was able to move away from the support at €316.50/t.
December KC wheat closed up 16 cents at $8.82-1/4 and December Minneapolis wheat was up 13 3/4 cents at $9.09-1/2, both partially offset by larger ones rebounded from losses on Thursday.
Wheat prices have been quiet for the past month and a half, trading within a narrow sideways range and stubbornly resisting attempts to trade lower.
December corn closed up 14 1/4 cents on Friday to a new two-month high of $6.64 1/4, securing a gain of 41 cents for the week. The corn bull market began Monday with a two percentage point drop in the USDA’s good-to-excellent rating to 55%, gaining momentum as this week’s Crop Tour tweeted numerous images of less-than-ideal corn cobs from seven Midwestern states. The corn is developing in a similar way to that in Europe.
November soybeans closed up 30 cents at $14.61 1/4 on Friday, sending traders whiplash following falling 25 3/4 cents on Thursday.
This morning, wheat and corn are trading higher on the Cbot.
220829 futures market listings
Those: http://www.ks-agrar.de
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