Closing Markets for Friday, June 7, 2024 680kfeq.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from 680kfeq.com Daily Mail and Mail on Sunday newspapers.
Wheat prices led the way as the July Chicago contract fell 46 cents per bushel at US$4.46. The July Kansas City hard red wheat contract dropped 43.5 cents at US$6.7625/bu., while the July Minneapolis spring wheat contract lost 39.5 cents at US$7.1250/bu.
Grains Mostly Lower for the Week: Does This Confirm Market Tops? agweb.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from agweb.com Daily Mail and Mail on Sunday newspapers.
The May USDA Crop Production and WASDE reports, giving us the first glimpse of U.S. wheat production and row-crop balance sheets for the 2024-25 crop year, showed few major surprises in wheat or soybeans. But a reduction in ending stocks for corn in both crop years sent that market to solid gains. All-wheat production was modestly bullish with the production estimate falling 40 million bushels below trade expectations.
Gulke: Is Weather Really Driving the Grain Rally agweb.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from agweb.com Daily Mail and Mail on Sunday newspapers.