Financial Times FT.com

Wheat and soyabeans hit record levels

By Chris Flood

Published: February 6 2008 19:32 | Last updated: February 6 2008 19:32

Wheat, soyabeans and rice charged to record levels on Wednesday, supported by tightening fundamentals and fresh investor inflows.

High protein spring wheat traded at the Minneapolis Grain Exchange has risen by its 30 cents trading limit for each of the past six sessions with the March contract hitting a record $14.93 a bushel yesterday. The Minneapolis exchange plans to raise the daily trading limit to 40 cents next week.

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