U.S. rains, Canadian harvest pressures wheat markets — This week in the grain markets

by

Opinion

Grain prices had a mostly red week but corn, soybeans, and canola were all about to recover their losses on Friday to end the week near equal — if not slightly above where they ended the previous Friday. Chicago SRW wheat contracts lost about 32 cents USD/bushel to close down 5.5 per cent – six per cent for the week. Down in Kansas City, HRW wheat prices dropped nearly 40 cents (or six per cent – seven per cent, depending on the contract). The main reason for the decline is attributed to the rains falling across major winter wheat-growing regions…

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