Wheat futures quotes current wheat futures quotes stand at

Current wheat futures quotes stand at $6.20, up 1.3% from yesterday’s close. This movement is tied to fresh USDA reports forecasting lower yields in parts of Europe. Traders see potential for upside breakouts if export figures improve next quarter. Asia buys about 35% of wheat and corn shipped worldwide. For soybeans, China takes more than 60% of the oilseed traded globally. 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 nudged to $6.25 as inflation-driven commodity demand remains strong. Hedge funds added long positions, anticipating weather-related production setbacks in Canada. Open interest in the December contract hits a two-month high.