NEWS
DTN Plains, Prairies Closing Comments
Cliff Jamieson Canadian Grains Analyst
Mon Aug 4, 2014 03:04 PM CDT

U.S. WHEAT MARKET

According to DTN Grain Market Analyst Todd Hultman, "September Chicago wheat closed higher Monday with commercial buyers taking advantage of cheap wheat prices for the fourth consecutive day. The trigger for this latest surge of buying comes from concerns that too much rain in Europe has interrupted harvest and damaged wheat quality in the fields. The current forecast has more rain headed for Poland and Romania this week, adding to Europe's woes." Wheat closed up 9 3/4 cents in the September Chicago contract at $5.44, up 5 3/4 cents in the September Kansas City at $6.38 1/2, ...

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