date:Oct 12, 2012
t some analysts said Australia's wheat crop could be even smaller than reflected in the USDA's latest reduced forecast, due to dry weather.
Still, wheat futures rose, thanks to higher corn prices. The two grains often trade in tandem because both are used in animal feed.
CBOT December wheat rose 16 1/4 cents, or 1.9%, to $8.86 a bushel. KCBT December wheat rose 20 1/2 cents, or 2.3%, to $9.18 a bushel. MGEX December wheat rose 13 cents, or 1.4%, to $9.46 3/4 a bushel.