Price Report - October 24, 2014
Wheat futures closed mixed this week despite hitting a six-week high on Thursday. Markets found strength midweek from planting delays in the Midwest and production issues in Australia and Russia. But weak export demand, a strengthening dollar and technical selling all pushed markets lower on Monday and Friday. Volatility in corn and soy also caused fluctuations in wheat. CBOT December wheat gained 2 cents to $5.18/bu. KCBT lost 8 cents to $5.94/bu and MGEX dropped 3 cents to $5.67/bu. CBOT December corn added 5 cents to $3.53/bu and CBOT November soybeans gained 26 cents to $9.78/bu.