date:May 10, 2013
e new crop contract given the likelihood that at least some acreage that was intended to have corn planted on it will shift to soybeans.
Wheat Futures Closed Lower
May Wheat finished down 2 3/4 at 696 3/4, 3/4 off the high and 3 1/2 up from the low. July Wheat closed down 3 at 706. This was 6 1/4 up from the low and 6 3/4 off the high.
Spillover pressure from a sharply lower corn market helped to limit the upside advance for wheat futures today but the action was mostly positioning ahead of t