By FWi staff
WHEAT futures finished higher yesterday for new-crop supplies, following estimates that US plantings are down on last year.
New-crop wheat for all months gained 40p to close at £75.00 (September), £77.00 (November), £79.00 (January 1999), and £81.00 (March 1999). A total of 238 lots were traded.
The latest USDA report suggests that this years wheat plantings are down by 6%. The area of winter wheat is 4% lower than on last season. Spring wheat plantings are 16% lower.
Old-crop wheat futures were unchanged at £72.25 (May) and £74.25 (July).
- USDA publishes planting forecasts, FWi, today (1 April) — Click here
- Click here for milling wheat trends and prices
- Click here for feed wheat trends and prices
- Click here for October-December 1997 milling wheat reports
- Click here for October-December 1997 feed wheat reports