Grain Markets
Wheat
Strong rally after rain in the western wheat belt failed to materialize
Kansas City wheat was up as much as +23¢, but pulled back into the close
Still holding solid gains:
KC Wheat: +15¢ (Sept: 620)
Chicago Wheat: +12¢ (July: 592¾)
Minneapolis Wheat: +14¢ (May: 626¼)
Market remains weather-driven, but struggles to hold highs
Soybeans
Sharply lower on geopolitical tensions
Pressure tied to Trump comments about tariffs related to Iran arms sales
Concerns this could hurt Chinese demand for U.S. beans
Prices:
