7/29/2021
By Julie Ingwersen
CHICAGO, July 29 (Reuters) - Chicago Board of Trade (CBOT)
wheat futures rose on Thursday, with the front contract rising
above $7 a bushel for the first time in a week after findings
from an annual U.S. crop tour showed the impact of drought in
the northern Plains spring wheat belt.
Corn and soybean futures closed higher on fears that the
drought also may curb corn and soy prospects.
CBOT September wheat settled up 16-1/2 cents at
$7.05-1/4 per bushel after reaching $7.06-3/4, the contract's
highest since July 22. Minneapolis Grain Exchange September
spring wheat ended up 14-3/4 cents at $9.18-1/2.