GRAINS-Wheat at 1-week high as frigid U.S. weather lifts supply worries

in hive-116221 •  4 years ago 

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"There are worries about winter kill for grains in the U.S.," said Ole Houe, director of advisory services at agriculture brokerage IKON Commodities. "We think it is bit early to get worried but that is what is driving prices higher today."

The most-active wheat contract on the Chicago Board of Trade was up 2.3% at $6.51-1/2 a bushel, as of 0328 GMT, after hitting its highest since Feb. 9 at $6.57 a bushel earlier in the session.

Soybeans gained 1.2% at $13.88-3/4 a bushel and corn added 1.4% to $5.46 a bushel


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