Price Report - August 29, 2014
Wheat futures closed lower this week under pressure from ample world supplies and strong export competition. A stronger U.S. dollar and weak export sales also added pressure. Drought conditions in Australia and demand for higher protein wheat limited losses. CBOT September wheat fell 2 cents to $5.50/bu, KCBT dropped 7 cents to $6.26/bu and MGEX closed 13 cents lower at $6.15/bu. CBOT September corn lost 7 cents to $3.59/bu and CBOT September soybeans fell 77 cents to $10.90/bu.