Price Report - July 29, 2016
A strong export sales report lent limited support to the market this week. However, abundant global supplies continue to weigh on the hard red winter (HRW) and soft red winter (SRW) markets, which ended the week lower. MGEX received support from smaller than expected yields found by this year’s U.S. Hard Red Spring and Durum wheat tour participants. CBOT September wheat dropped 17 cents to $4.08/bu, KCBT fell 9 cents to $4.10/bu and MGEX added 2 cents to $4.88/bu. CBOT September corn finished the week flat at $3.34/bu and CBOT September soybeans added 21 cents to close at $10.20/bu.