Price Report - July 25, 2014
U.S. wheat futures closed mixed this week. Strong export competition and seasonal harvest pressure continue to weigh heavily on markets. Favorable weather condition in the spring wheat belt and improved HRW yields as harvest moves north pushed futures lower. Spillover weakness in corn markets also pressured wheat. Bargain buying after futures hit contract lows supported markets. CBOT September wheat added 6 cents on the week to close at $5.38/bu. KCBT lost 3 cents to $6.31/bu and MGEX dropped 11 cents to $6.20/bu. CBOT September corn fell 8 cents to $3.63/bu and CBOT August soybeans added 36 cents to $12.12/bu.