Nearly all commodities traded higher Wednesday while the grain sector got an additional boost from forecasts that look mostly dry for spring and early summer. Among grains, July KC wheat led percentage gains with a 18 3/4-cent higher close. May and December corn both posted new closing highs.
May corn closed up 14 cents and December corn was up 7 cents. May soybeans closed up 20 1/2 cents and November soybeans were up 12 3/4 cents. July KC wheat closed up 18 3/4 cents, July Chicago wheat was up 16 3/4 cents and July Minneapolis wheat was up 13 cents.