Market report shows wheat gains amid heat and rain need
Weather and rain urgency push wheat prices up but late profit taking trims gains. Oklahoma dryness and Kansas drought fears spark buying, while U S supply shrinkage and May delivery pressures keep traders alert. Corn futures ease modestly as Minnesota and Dakotas rain forecasts loom. Other grains and flour markets show mixed moves across regions in a volatile session.
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Europe
Improved late session buying powers markets in New York
In New York May 24 mixed Insveminti led to stronger late session buying amid higher crude oil expectations and gasoline price increases. The market showed gains in several sectors with railroad stocks mixed and commodity prices steady despite weather and foreign exchange fluctuations.
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