NEWS
DTN Plains, Prairies Closing Comments
Mary Kennedy DTN Basis Analyst
Thu Jul 24, 2014 03:39 PM CDT

U.S. WHEAT MARKET

According to DTN Grain Market Analyst Todd Hultman, "September Chicago wheat closed lower with another day of favorable weather for winter wheat harvest in the eastern Midwest. Last week's exports were considered bullish because they exceeded the amount needed to keep up with USDA's export estimate for 2014-15, but USDA is also helping by keeping the export bar low, at just 900 million bushels. Day two of the Wheat Quality Council's HRS Wheat Tour posted a favorable spring wheat yield of 48.4 bushels per acre." New-crop wheat futures were also lower with Chicago December down 4 1/4 ...

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