Grain prices continue to rise this week

Grain prices continue an upward spiral this week.

P.I. Financial commodity futures advisor Adam Pukalo says canola is up 30 dollars a ton this week while wheat has gained 9 cents a bushel.

He says July canola futures saw another strong week, breaking to new contract highs.

So far, he says July Minneapolis spring wheat is up about 60 cents a bushel for the month.

He says its pretty dry in the Dakotas, cold weather in the Plains, and some issues in Europe.

He says there is definitely solid support for wheat and it could continue until there is better rain in the forecast for the Northern Plains.

He says canola is up about 67 dollars a ton this month, supported by the soybean market and weather concerns.


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