Wheat posted the sharpest declines as Chircago crop futures ended lower on Friday.
A stronger American dollar and profit taking weighed on the wheat market ahead of the weekend, with early weakness in crude oil adding to the pressure. Thursday’s disappointing weekly export sales also undermined wheat. Even with dry Plains weather still on traders’ radar, the market’s tone Friday was more about end-of-week selling and softer demand May Chicago fell 12 ¾ cents to $5.95 ¼, and May Kansas City tumbled 21 cents to $6.06 ¼. May Hard Red Spring lost 14 ½ cents to $6.19 ½, and May Minneapolis dropped 15 ¾ cents to $6.28.
The losses in wheat and the firmer U.S. dollar also weighed on corn. crude. May corn lost 4 ¼ cents to $4.65 ½, and December was down 3 ¾ cents at $4.90 ¾.
May soybeans fell 7 ¼ cents to $11.61 ¼, and November closed 5 ¼ cents lower at $11.41.
