Price Report - February 12, 2016
Wheat futures markets fell to multi-year lows this week following a bearish USDA World Agricultural Supply and Demand Estimate (WASDE) report, even with a softening U.S. dollar lending support. Uncertainty over Egypt’s phytosanitary requirements also pressured the market. CBOT March wheat dropped 9 cents this week to $4.57/bu and KCBT lost 10 cents to $4.44/bu. MGEX March wheat dipped 5 cents to $4.86/bu. CBOT March corn slipped 7 cents to $3.59/bu and CBOT March soybeans added 5 cents to close at $8.73/bu.