Price Report - July 31, 2015
Wheat futures closed lower for the fourth consecutive week. Seasonal harvest pressure and excellent spring wheat prospects, which will add to ample world supply, drove markets lower. Weakness in corn futures and weak export demand for U.S. wheat supplies also pressured wheat contracts. A slightly softer U.S. Dollar Index helped limit losses. CBOT September wheat fell 13 cents to close at $4.99/bu. KCBT dropped 15 cents to $4.92/bu and MGEX lost 18 cents to end the week at $5.27/bu. CBOT September corn declined 22 cents to $3.71/bu and CBOT August soybeans fell 11 cents to $9.81/bu.