Price Report - January 12, 2018
Wheat futures closed sharply lower this week after USDA reported larger than expected 2018/19 winter wheat planted area. A slightly weaker U.S. dollar lent limited support. CBOT March wheat fell 10 cents to $4.20/bu, KCBT lost 11 cents to $4.26/bu and MGEX dropped 15 cents to $6.13/bu. CBOT March corn dipped 5 cents to $3.46/bu and CBOT January soybeans decreased 10 cents to $9.44/bu.