date:Jul 04, 2014
Wheat futures on the Chicago Board of Trade settled higher on Wednesday on short-covering and bargain buying after this week's 4-1/2-month low, traders said. CBOT wheat gained sharply against K.C. hard red winter and Minneapolis Grain Exchange spring wheat as traders exited inter-market spread positions.
K.C. wheat pressed by expectations that USDA might raise its estimate of US 2013/14 hard red winter wheat ending stocks in a monthly supply/demand report next week, given state figures release