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Wheat heads for ninth weekly loss despite US export boost
Chicago wheat futures rose for a second day on Friday as strong demand for US grain and reports that China could buy from the United States arrested a decline that pushed prices earlier in the week to their lowest in almost four months. Corn futures edged lower and soybeans rose slightly, but both were heading for weekly falls as the ongoing US harvest added to supply. The most-traded wheat contract on the Chicago Board of Trade (CBOT) was up 0.5% at $6.06-3/4 a bushel at 0504 GMT but 3% lower over the week and headed for a ninth consecutive weekly loss. Prices fell to $5.93-1/4 on Wednesday, ...
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