Wheat traded with strong gains last week, with much of the strength coming from winter wheat production concerns. Traders are concerned that disease will soon start to reduce the quality and quantity of the crop. The corn market bounced off the eight-month lows from the week ending May 29 and closed with green numbers last week. Support came from strength in the wheat complex, with quality concerns and a lower performing dollar.As of the June 3 close, July soybeans were 12.5 cents higher for the week, while November soybeans were up 18.25 cents. At 10 a.m. June 5, July soybeans were down 3 cents and the November contract was down 4 cents.Markets: June offers hope as grains make gains
Wheat traded with strong gains last week, with much of the strength coming from winter wheat production concerns. Traders are concerned that disease will soon start to reduce the quality and quantity of the crop. The corn market bounced off the eight-month lows from the week ending May 29 and closed with green numbers last week. Support came from strength in the wheat complex, with quality concerns and a lower performing dollar.As of the June 3 close, July soybeans were 12.5 cents higher for the week, while November soybeans were up 18.25 cents. At 10 a.m. June 5, July soybeans were down 3 cents and the November contract was down 4 cents.