CBOT wheat falls on global supply pressure
Chicago Board of Trade (CBOT) wheat futures dropped on Friday as global supplies continue to pressure the U.S. market, traders said.
Most-active CBOT March soft red winter wheat (WH3) lost 12 cents to settle at $7.34-1/4 a bushel.
For the week, the CBOT's most-active wheat contract ZW1! dipped 3.52%, its fifth consecutive week of declines.
The spot December contract (WZ2) fell 11-1/2 cents to $7.12-3/4 a bushel.
K.C. March hard red winter wheat (KWH3) lost 11-3/4 cents to $8.33 a bushel, and MGEX March spring wheat (MWEH3) added cents to $9.09-1/2 a bushel.