Home » Wheat futures continue to slideSource: Sosland Publishing Co.
Recap for February 16
- Wheat futures slid to fresh contract lows Friday on continued pressure from weak export demand due to lower-priced supplies from Russia and Ukraine, and on prospects for higher US production in 2024. Corn futures were mixed, mostly higher, and soybean futures posted modest gains after both set three-year lows during the week on ample domestic and global supplies. The March corn future slipped 1¼¢ to close at $4.16½ per bu, but July and beyond were firmer. Chicago March wheat dropped 6½¢ to settle at $5.60½ per bu. Kansas City March wheat declined 8½¢ to close at $5.67¼ per bu. Minneapolis March wheat lost 3¼¢ to close at $6.54¾ per bu. March soybeans advanced 10¢ to close at $11.72¼ per bu. March soybean meal added $6.10 to close at $345.60 per ton. March soybean oil lost 0.41¢ to…
