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Wheat heads for 4th straight weekly loss on Black Sea export hopes
CANBERRA: Chicago wheat futures fell on Friday and were on track for their fourth straight weekly decline as traders hoped for a revival of exports from the Black Sea and as the US dollar strengthened, making US crops less competitive globally. Corn and soybean futures also moved lower, with corn headed for a weekly fall, as market participants waited to see whether a US-China summit would produce Chinese commitments to buy US agricultural goods. The most-traded wheat contract on the Chicago Board of Trade (CBOT) was down 2.1% at $6.92-1/2 a bushel at 0324 GMT and trading at its lowest levels ...
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