Price Report - September 19, 2014
All three futures markets closed lower on Friday, extending their slide to four year lows. Analysts and government groups continue to increase production estimates for major suppliers, adding to already plentiful global stocks and pushing futures lower. Favorable weather forecasts for planting in the southern winter wheat belt also pressured markets. Strong export competition combined with a stronger U.S. dollar weighed on markets. CBOT December wheat fell 14 cents to $4.88/bu, KCBT dropped 24 cents to $5.70/bu and MGEX lost 43 cents to $5.35/bu. CBOT December corn closed unchanged at $3.38/bu and CBOT November soybeans lost 14 cents to $9.72/bu.