Price Report - August 28, 2015
U.S. wheat futures closed lower this week, hitting the lowest marks in five years. Bearish fundamentals continue to weigh on markets, including strong export competition, record world supply and a strong U.S. dollar. The quickly advancing spring wheat harvest adds additional pressure MGEX contracts. CBOT and MGEX September contracts each dropped 23 cents on the week to $4.77/bu and $4.91/bu, respectively. KCBT fell 13 cents to close at $4.58/bu. CBOT September corn lost 2 cents to $3.63/bu and CBOT September soybeans decreased 12 cents to $8.93/bu.