Price Report - July 22, 2016
Seasonal harvest pressure continued to weigh on wheat futures markets this week, but a short-covering rally limited losses for CBOT and KCBT end the week higher on improved export demand. Favorable weather in the Northern Plains pressured MGEX lower. Abundant global supplies continue to weigh on markets. CBOT September wheat ended the week flat at $4.25/bu, KCBT added 5 cents to $4.19/bu and MGEX dropped 10 cents to $4.86/bu. CBOT September corn lost 17 cents to $3.35/bu and CBOT September soybeans plunged 67 cents week over week to $9.99/bu.