Latest Wheat Letter
In the latest edition of Wheat Letter: read about the confirmation of no GM wheat in commercial supplies and other facts, how USDA updated WASDE numbers this month, advice for Russia on potential market interventions, the results of a study on ag export promotion investment internationally, information on the Korean and Ecuadorian trade teams and other wheat industry happenings.
Price Report for June 14
All three wheat futures closed lower this week due to harvest pressure and reports of larger crops in the U.S. and Australia, the top two wheat exporters. U.S. winter wheat harvest began last week, weighing on markets. A sharp drop in corn value mid-week also added pressure to wheat markets. The KCBT July saw the largest loss of the three nearby wheat contracts, down 27 cents to $7.12/bu.