Reported 1 day ago
The wheat market showed significant weakness on Monday, with soft red wheat futures down by 10 to 11 cents, Kansas City hard red wheat futures declining by 4 to 5 cents, and Minneapolis spring wheat futures falling by 2 to 3 cents. Despite a 12.96% increase in wheat exports compared to the previous week, speculators trimmed their short positions in Chicago and Kansas City wheat futures. Current prices for December and March contracts across different exchanges also reflected the downward trend.
Source: YAHOO