Content ID

334535

CBOT wheat closes firm but posts biggest weekly loss since mid-July

CHICAGO, Oct 7 (Reuters) - U.S. wheat futures ended firm on Friday after fluctuating between positive and negative territory during the session. * Bargain buying helped prop up prices after four straight days of declines, but concerns about a firm dollar chilling export demand for U.S. supplies acted as an anchor on the market, traders said. * The benchmark Chicago Board of Trade December soft red winter wheat contract settled up 1-1/4 cents at $8.80-1/4 a bushel. * K.C. December soft red winter wheat gained 7 cents to $9.72 a bushel while MGEX December spring wheat settled up 5-1/2 cents at $9.68 a bushel. * For the week, CBOT soft red winter wheat was down 4.5%, its biggest weekly decline since mid-July. K.C. hard red winter wheat was off 2.3% this week and MGEX spring wheat lost 0.7%. (Reporting by Mark Weinraub; Editing by Leslie Adler)

© Copyright Thomson Reuters 2022. Click For Restrictions - http://about.reuters.com/fulllegal.asp

Read more about
Loading...

Talk in Marketing

Most Recent Poll

Will you have enough on-farm storage for harvest?

I just want to see the responses
46% (21 votes)
Yes
35% (16 votes)
No, it’s going to be a bin-buster
9% (4 votes)
Maybe, depending on yields
7% (3 votes)
No, I am looking at new bins or temporary storage
4% (2 votes)
Total votes: 46
Thank you for voting.