Chicago Board of Trade wheat futures fell for a fourth straight session on Thursday, pressured by ample supplies and beneficial rains in the US Plains winter wheat belt, traders said. The US Department of Agriculture reported weekly export sales of old-crop wheat at 418,500 tonnes and sales of new-crop wheat at 149,800 tonnes, in line with trade expectations. K.C. hard red winter wheat futures, which track crops grown in the Plains states, fell 4-1/2 cents and also hit a 2-1/2-month low. MGEX wheat gained 3 cents on good demand for the high-protein variety.
Copyright Reuters, 2017
Published under arrangements with Reuters.
No content from Business Recorder shall be reproduced, published, broadcast, rewritten for broadcast or publication, or redistributed directly or indirectly in any medium.
Business Recorder shall not be responsible or held liable for any error of fact, opinion or recommendation and also for any loss, financial or otherwise, resulting from business or trade or speculation conducted, or investments made, on the basis of the information posted here. Nor shall Business Recorder be held liable for any actions taken in consequence." >Copyright Reuters, 2017
Published under arrangements with Reuters.
No content from Business Recorder shall be reproduced, published, broadcast, rewritten for broadcast or publication, or redistributed directly or indirectly in any medium.
Business Recorder shall not be responsible or held liable for any error of fact, opinion or recommendation and also for any loss, financial or otherwise, resulting from business or trade or speculation conducted, or investments made, on the basis of the information posted here. Nor shall Business Recorder be held liable for any actions taken in consequence." >Copyright Reuters, 2017