date:Aug 04, 2012
brokerage INTL FCStone.
Wheat futures, which snapped a three-day slide, have mostly climbed for weeks. Front-month Chicago Board of Trade wheat futures hit a four-year closing high of $9.4325 a bushel July 20, jumping 55% in roughly a month. The rise mainly stemmed from a rally in corn prices, because more-expensive corn can boost demand for wheat as a substitute in animal feed. Corn soared to all-time records last month as the historic U.S. drought battered the Farm Belt.
CBOT September wheat