Wednesday, June 19, 2013

And Grains Screamed Higher Across the Board

 CHICAGO, June 19 (Reuters) - U.S. wheat futures climbed
nearly 3 percent on Wednesday, their biggest daily rise since
April, on buying and expectations of domestic demand for wheat
as livestock feed, traders said.
    Corn and soybeans also advanced, led by new-crop contracts
as forecasts for hotter, drier weather later this month in the
U.S. Midwest raised concerns about potential crop stress.
    At the Chicago Board of Trade, July wheat settled up
19.5 cents, or 2.8 percent, at $7.07 per bushel.
    July corn ended up 9 cents at $6.82-1/4 a bushel, with
new-crop December up 20 cents at $5.70-1/2.
    July soybeans rose 12-1/4 cents at $15.23 a bushel and
new-crop November ended up 21 cents at $13.10-3/4.