date:Jul 04, 2014
d in its June stocks report. July K.C. wheat fell to $6.72-1/4 per bushel, the lowest spot price since February 28, before paring losses to settle at $6.83. Spot July MGEX spring wheat fell to $6.50, its lowest since February 10, before settling at $6.51-3/4.
Ample global wheat supplies, expectations of a large harvest across Europe and strong competition for export business hang over the market. CBOT reported 51 deliveries against July wheat futures and 54 deliveries of K.C. hard red winter w