The wheat quotes in Chicago rise this morning in the fifth consecutive session with moderate markups. It is still too dry in the US Plains. The rain of recent days was not enough to change the situation significantly. A survey of US farmers showed that total wheat acreage for 2018 will increase by 0.5% yoy to 46.2 million acres. By contrast, winter wheat acreage will fall by 1.3% to 32.3 million acres. Institutional investors bought 6,000 lots of CBoT SRW wheat on Friday.
/ Graphic: Saxo Trader
