date:Mar 17, 2016
bably enough to keep the sellers from being very aggressive.
Six-month high
And certainly, that was the case for Kansas City-traded hard red winter wheat futures for May, which edged 0.1% higher to $4.89 a bushel as of 09:00 UK time (04:00 Chicago time), among its highest levels of the past three months.
However, Chicago soft red winter wheat was out of favour, dropping 0.5% to $4.75 a bushel, a disparity compared with hard wheat that raised suspicions of spread trades between the two variet