CBOT wheat firms as icy conditions hit U.S. Plains

CHICAGO, Dec 23 (Reuters) – Chicago Board of Trade wheat
futures gained on Friday, as growers across the U.S. Great
Plains look for crop damage in winter wheat underpins markets,
analysts said.

NOTE: U.S. grain markets will be closed on Monday for the
Christmas holiday, reopening at 8:30 a.m. CST (1430 GMT) on
Tuesday.

* The benchmark CBOT March soft red winter wheat contract
gained 13-3/4 cents to $7.76 a bushel.

* For the week, the CBOT’s most-active wheat contract
gained 2.99%, its second straight week of higher movement and
the biggest weekly gain since the week ended Sept. 30.

* K.C. March hard red winter wheat futures added
8-3/4 cents to $8.74-3/4 a bushel, while MGEX March spring wheat
firmed 9-1/2 cents to close at $9.31-3/4 a bushel.

* Snow, strong winds and temperatures well below freezing
have threatened dormant hard red winter wheat crops across the
U.S. Great Plains, especially where a lack of snow cover leaves
the plants vulnerable to the cold.
(Reporting by Christopher Walljasper;
Editing by Sandra Maler)
((Christopher.Walljasper@thomsonreuters.com; 1 630 269 3072;
Reuters Messaging:
christopher.walljasper.thomsonreuters.com@reuters.net))

Keywords: USA WHEAT/CBOT

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.