Chicago wheat futures elevated freight costs and dry Canadian

Elevated freight costs and dry Canadian weather have added tailwinds to Chicago wheat futures. Front-month contracts closed at $6.32, setting up a technical base for possible gains toward $6. Mar 26 KCBT Wheat  closed at $5.26 1/4, down 7 cents, currently down 1 1/4 cents Chicago-based senior commodities correspondent covering agricultural markets, large agribusinesses and the food supply chain and specializing in global trade, farming technology and climate change issues impacting the industry. Market sentiment is supported by renewed buying from Middle Eastern importers, adding pressure to already tight global wheat stocks.