date:Jan 06, 2013
Chicago soft red winter and Minneapolis hard red spring) were trading near 5-month lows last week, also the victim of limited foreign demand due to strong U.S. prices, which were in part pulled higher earlier in the summer by soaring corn and soybean values. Nearby March hard red winter wheat futures were trading near $8.20 a bu last week, up 14% from a year earlier, soft red futures near $7.70 a bu, up 18%, and hard spring futures near $8.65 a bu, up 2%.
Unlike corn and soybean futures in whi