Price Report - January 23, 2015
Wheat futures largely remained unchanged this week, with conflicting market forces, combined with technical buying and selling, put upward and downward pressure on the markets. Upward pressure came from concerns over renewed hostility in the eastern Ukraine and technical buying. Downward pressure came from beneficial moisture for the southern HRW belt, a plunge in the Canadian dollar, and the euro reaching an eleven year low versus the US dollar. The Chicago closed the week up 1 cent, the Kansas City down 13 cents, and the Minneapolis down 9 cents. Chicago corn closed even with last week at $3.87. Chicago soybeans closed down 19 cents.