By Kirk Maltais-- Wheat for May delivery rose 1.8% to $5.38 1/2 a bushel on the Chicago Board of Trade on Friday, with short covering coming after the WASDE report contained little in the way of surprises. -- Soybeans for May delivery rose 1.6% to $11.85 a bushel. -- Corn for May delivery rose 0.4% to $4.40 a bushel. With Restraints: The estimates in the WASDE report didn't introduce much volatility into the day's trading, with minimal surprises and the estimates mostly priced into futures ahead of time. Analysts this week speculated that news of higher supplies and lower demand had been largely priced into futures.

Source: Wall Street Journal March 09, 2024 08:22 UTC