Wheat rises ahead of closely watched report

Associated Press |

Wheat prices rose to their highest level in two weeks Friday as traders prepared for the release of a closely watched U.S. crop report Monday.

September wheat rose nine cents, or 1.5 percent, to $5.94 a bushel. That's the highest price since June 10.

The Department of Agriculture will release its quarterly grain stocks report on Monday. The report is expected to show wheat stocks declined as well as a modest decline in the amount of acres of wheat being grown in the U.S.



Corn rose 4 cents, or 1 percent, to $4.47 a bushel and soybeans fell 16 cents, or 1 percent, to $12.28 a bushel ahead of the report.

In other commodities, oil fell 10 cents, or 0.1 percent, to $105.74 a barrel. Wholesale gasoline rose 1.3 cents to close at $3.07 a gallon, natural gas fell 1.1 cents close at $4.39 per 1,000 cubic feet and heating oil fell 1.6 cents to close at $3 a gallon.

In metals, gold rose $3, or 0.2 percent, to $1,320 an ounce. Silver fell three cents, or 0.1 percent, to $21.08 an ounce. Platinum rose $8.40, or 0.6 percent, to $1,478.50 an ounce and palladium rose $7.05, or 0.8 percent, to $842.85 an ounce.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Companies

Symbol Name Price Change % Volume
FXTGY Foxtons Group Plc ADR 2.80 0.07 2.56 2,968

Comments

Emerging Growth

Pressure Biosciences Inc

Pressure BioSciences Inc is a biological life sciences research company. It is engaged in the development and commercialization of a platform technology called pressure cycling technology.

Private Markets

Ozobot by Evollve Inc

Ozobot is a world leader in compact super intelligent robots that entertain and educate through fun interactive gaming.

Santo Diablo Mezcal

Santo Diablo Mezcal has been created to capitalize on a boom sector of the beverage market currently full of many small unmemorable products by producing one sexy, household, easily recognizable…