Price Report - February 28, 2014
U.S. wheat futures closed mixed this week. Concerns about easing export demand for U.S. wheat, including a canceled Egyptian purchase, pushed nearby contracts lower. But strength in outside financial markets and a weaker U.S. dollar supported wheat. Speculation that unrest in Ukraine eventually could disrupt grain exports helped push prices higher on Friday. CBOT March wheat lost 11 cents to $5.99/bu and KCBT dropped 6 cents to $6.77. Canadian logistics issues helped push MGEX 7 cents higher to $6.71/bu. CBOT March corn gained 5 cents to $4.58/bu and CBOT March soybeans added 44 cents to $14.14/bu.