Price Report - August 11, 2017
Seasonal harvest pressure and a lack of new information on abandoned hard red spring (HRS) acres drove down MGEX futures this week, while large crops in Russia and Ukraine weighed heavily on CBOT and KCBT. Strong export demand lent limited support. CBOT September wheat fell 42 cents to $4.39/bu, KCBT lost 40 cents to $4.411/bu and MGEX plummeted 66 cents to $6.74/bu. CBOT September corn dropped 6 cents to $3.61/bu and CBOT September soybeans declined 14 cents to $9.38/bu.