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US wheat futures rose on Friday as a weaker dollar supported prices, with the most active CBOT contract up 0.19 percent to $4.05-1/2 a bushel. Wheat was on track for a record annual loss of more than 13 percent on record global production, while soybeans were set for gains of over 17 percent and corn for a 2.5 percent loss.
Morocco's ONICL also announced tenders for 363,636 tonnes each of EU and US soft wheat under preferential-tariff quotas.
Record global wheat output and sluggish demand keep wheat prices under pressure, though a weaker dollar and Moroccan import demand offer modest support. Feed buyers should expect ample supply to keep wheat cheap relative to corn.
jamestownsun.comColin Packham, ReutersDec 29, 2016Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
