Wheat Futures Rise Most in Three Weeks on Export Demand
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Wheat futures rose the most in three weeks on signs of increasing demand for exports from the U.S., the world’s biggest shipper. Corn prices climbed, and soybeans fell.
In the week ended Sept. 12, export sales of wheat jumped 30 percent to 704,435 metric tons from a week earlier, topping forecasts by traders, U.S. Department of Agriculture data showed today. Sales since June 1 rose to 17.1 million tons, up 38 percent from the same period last year, as futures fell 16 percent this year.