Price Report - August 26, 2016
Technical sales, a stronger U.S. dollar and large global supply pressured wheat futures lower this week. Concerns over milling quality supply lent limited support. CBOT wheat futures fell 10% week over week, and closed at a 10-year low. KCBT wheat dropped 7% on the week and MGEX declined 6%. CBOT September wheat futures decreased 43 cents this week to $3.83/bu, KCBT closed 29 cents lower at $3.90/bu and MGEX lost 30 cents to $4.98/bu. CBOT September corn shrank 18 cents and CBOT September soybeans fell 36 cents to $9.91/bu.