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U.S. wheat futures hit a near 6-year high on Friday

Views:1     Author:Site Editor     Publish Time: 2020-12-01      Origin:Site

FUNDAMENTALS

* The most active wheat futures contract on the Chicago Board Of Trade was up about 4.5% for the week so far, on track for its third straight weekly gain.

* Wheat hit a top of $6.22 a bushel as of 0050 GMT, its highest level since December 2014.

* The most active soybean futures were down nearly 0.5% for the week, their first weekly loss in three weeks.

* The most active corn futures were up nearly 2.5% for the week, their third straight weekly gain.

* Argentina’s Rosario grains exchange lowered its estimate of the South American country’s soon-to-be-harvested 2020/21 wheat crop to 17 million tonnes, from 18 million previously, citing dryness and frosts

* The U.S. Department of Agriculture reported another 261,000 tonnes of U.S. soybean sales to China on Thursday morning.

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U.S. wheat futures hit a near 6-year high on Friday

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