Wheat futures quotes at $6

At $6.28, wheat futures quotes are testing monthly highs. Strong Chinese demand forecasts add bullish fuel, while traders balance risk against possible crop yield improvements in Eastern Europe. Both gold's futures market and cash index climbed to new all-time highs last week. Issued four times a year by the National Agricultural Statistics Service (NASS), these reports offer updates on stocks of corn and other major grain & oilseed crops by state and by position (on- or off-farm storage). Wheat futures quotes stabilized at $6.18 by midday, supported by moderate buy-side interest from commercial processors. Volatility levels remain within historical norms, indicating a settled short-term outlook.