CBOT wheat futures fall

06 Jul, 2016

US wheat futures fell on Friday, pressured by the ongoing harvest of what is expected to be a big crop that will add to the global surplus of the grain. Chicago Board of Trade soft red winter wheat futures hit a nine-year low and K.C. hard red winter wheat hit a 10-year low during the trading session. For the week, the most actively traded CBOT soft red winter wheat contract fell 7.7 percent, its biggest weekly decline in two years.

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