date:Jun 20, 2014
US wheat futures jumped on Wednesday, led by K.C. hard red winter wheat, on disappointing early yield reports as the harvest rolled into southern Kansas, the top-producing state, traders said. CBOT wheat rose on short-covering as the K.C. and MGEX markets advanced. CBOT July wheat is oversold following a plunge of more than 20 percent since early May amid hefty world supplies and stiff competition for global export business.
The Kansas Wheat Commission said in its first harvest report of the s