Price Report - August 19, 2016
Supported by a weaker U.S. dollar, strong export sales and short-covering, wheat futures closed higher for the third consecutive week. Abundant global supplies continue to limit gains, but concerns about quality in the European Union provided support. CBOT September wheat added 4 cents to $4.27/bu, KCBT increased 2 cents to $4.19/bu and MGEX grew 14 cents to $5.28/bu. CBOT September corn gained 12 cents to $3.34/bu and CBOT September soybeans rose 28 cents to $10.27/bu.