Wheat Prices Fell Amid Supply Expectations – Last Minute Economy News

Wheat prices declined on supply expectations. Rising coronavirus cases in China capped soybean gains.

Traders noted that the sale of French-made wheat to China and the US reservation of Polish and German-made wheat resulted in unexpected demand for European Union (EU) supplies.

Wheat futures contracts, which saw the largest trading volume in the Chicago stock market, fell 0.25% to $8.08/bushel, or $296.9/ton.

Soybeans were up 0.14% to $14.31/barrel, or $525.8/ton.

Egypt rose 0.04% to $6.59/barrel, or $259.4/ton.

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