Wheat futures on the Chicago Board of Trade rose for a third straight session on Thursday, reaching a six-week high on technical buying and spillover strength from surging soy and corn markets, traders said. CBOT December wheat held above support at its 50-day moving average and reached $5.30-3/4 a bushel, its highest level since September 9, before settling at $5.26-3/4.

Copyright Reuters, 2014

Comments

Comments are closed.