date:May 26, 2012
Chicago Board of Trade futures for July delivery closed up 17 cents, or 2.6%, at $6.80 a bushel. Kansas City Board of Trade July wheat rose 13 cents, or 1.9%, to $7.00 a bushel.
Wheat futures surged last week as concerns grew about dry weather in wheat producing countries including Russia, Ukraine, Kazakhstan, Australia and China. Futures prices eased this week as rain forecasts improved for those regions, but rose again Friday on renewed expectations for dryness.
Rains have returned to southe