Price Report - November 21, 2014
U.S. wheat futures closed lower on Friday on weak export demand and technical selling after markets hit a 3-month high last week. Futures found support from freezing weather in the U.S. Midwest and Plains that stressed crops and could prevent further SRW seeding. Drought conditions in Australia, which have limited production, also supported futures. CBOT December wheat fell 13 cents to $5.47/bu, MGEX dropped 6 cents to $5.83/bu and KCBT lost 3 cents to $6.02/bu. CBOT December corn fell 8 cents to $3.73/bu and CBOT January soybeans lost 4 cents to $10.21/bu.