date:Jun 05, 2014
bushel. The front month contract bottomed out at $6.16-1/4, its lowest since hitting $6.08-1/4 on March 3.
Weekend rains in the southern U.S. Plains and forecasts for more precipitation this week may help heading and maturing hard red winter wheat crops in some areas.
The improving U.S. picture has reinforced a bearish mood in the wheat market, with good crop conditions across Europe and promising sowing prospects in Australia and Argentina.
Favorable weather in May has also brightened prospe