World grain market: Wheat, corn, and soybeans rose in price on Wednesday

On Wednesday, November 29, 2023, Chicago Board of Trade (CBOT) wheat futures rose in short coverings. At the end of the trading day, March soft winter wheat quotes on the Chicago Mercantile Exchange CBOT rose to $215.22 per ton, March hard winter wheat KCBT futures in Kansas City - up to $233.04 per ton, March hard spring wheat futures MGEX in Minneapolis - up to $266.48 per ton. March wheat futures in Chicago rose more than 2% on Wednesday, extending gains from the previous session as traders covered their short positions ahead of the end of the month and first notice day for the December spot contract. Soybean prices fell in early trading but recovered as traders dealt with unfavorable crop weather in Brazil. Corn prices rose slightly after some contracts hit contract expiration minimums earlier. The most active March wheat contract on the Chicago Board of Trade (CBOT) ended up 13-3/4 cents at $5.85-3/4 a bushel, its highest closing price since November 15th. Heavy rains in ...