date:Aug 04, 2012
rose 26 1/4 cents, or 3.0%, to $8.91 1/4 a bushel. Kansas City Board of Trade September wheat rose 27 cents, or 3.1%, to $8.96 a bushel. MGEX September wheat rose 18 cents, or 1.9%, to $9.44 1/2 a bushel.
Corn and soybean futures were boosted by analysts forecasting lower yields for the two crops than previously expected.
Traders said analytical firm Informa Economics on Friday cut its outlook for the U.S. corn harvest due to the historic drought, predicting the U.S. Department of Agriculture ne