Price Report - October 21, 2016
US wheat futures remained largely unchanged this week with nothing happening to cause a major move in the market. While strong exports in line ith market expecatations helped, large world supplies continue to weigh. Chicago wheat futures fell 6 cents this week to $4.21 per bushel on a short covering bounce. Kansas City wheat futures rose 4 cents this week to $4.22 per bushel on strong exports. Minneapolis wheat futures closed even with the end of last week at $5.29 per bushel. Corn futures remained largely unchanged compared to last Friday, falling 1 cent to $3.53 per bushel. Soybean futures rose on strong export demand from China, rising 20 cents over last week to $9.83 per bushel.