Price Report - March 27, 2015
Futures closed lower this week on poor export demand for U.S. supplies and abundant global stocks. Improved crop condition ratings in several key winter wheat states and production forecasts in Ukraine and Canada also pressured markets. A weaker U.S. dollar and concerns around dry conditions in the U.S. Plains limited losses. The CBOT May contract lost 22 cents this week to close at $5.08/bu. KCBT dropped 17 cents to $5.53/bu and MGEX fell 14 cents to $5.75/bu. CBOT May corn added 6 cents to $3.91/bu and CBOT soybeans lost 7 cents to $9.67/bu.