U.S. wheat futures stumble, ending lower on outside market pressure and lackluster demand.
Wheat and other commodities sagged under pressure from a stronger dollar, which makes exports less attractive.
Traders are also nervously eying the EU crisis to see if a resolution is forthcoming. Wheat already is pressured by lackluster demand and a lack of supply worries worldwide.
Traders do still have concerns about the U.S. crop, however, particularly the winter wheat crop, which is off to a slow start due to drought in the southern Plains.
CBOT Dec wheat ends down 16 3/4c, or 2.6%, to $6.19 1/2 per bushel, while KCBT wheat ends down 17 1/2c to $7.16. MGEX Dec wheat ends down 6 1/4c to $9.10 1/4.
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Wheat Tumbles on Sluggish Demand
Published 10/27/2011, 08:42 AM
Updated 05/14/2017, 06:45 AM
Wheat Tumbles on Sluggish Demand
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