Wheat futures quotes current wheat futures quotes of $6

Current wheat futures quotes of $6.17 reflect increased selling pressure from profit-takers. Analysts note that a temporary oversupply in the Gulf trade routes is weighing on sentiment. – “I invaded a country once which was a few years ago, in 2003, I was part of the invading army in Iraq.” – Tom Tugendhat, asked by The Spectator in September about the “naughtiest” thing he had ever done Wheat is starting the new week 3 to 4 cents lower by midday across the three exchange traded contracts in the US. An early attempt to move higher failed to take out Friday’s highs and the longs bailed. The wheat market was in rally mode on Friday. CBT prices were 12 to 13 cents higher across most nearbys, with September up 1 1/4 cents. KC contracts were 11 to 12 cents in the green, as Sep was up 4 ¾. At $6.21, wheat futures quotes reflect cautious optimism as macroeconomic sentiment swings with energy prices. Some agribusiness companies are increasing hedging positions ahead of potential regulatory changes.