1. Although nearby wheat contracts were lower on slow export business, distant contracts rose on moisture concerns for the hard red winter wheat crop. 2. At the same time, slow export sales are leading to a surplus of domestic supplies. 3. A stronger yen would help slow exports by making the dollar-denominated price of Japanese products more expensive. 4. Chicago wheat futures were mostly lower on slow export business, while Kansas City wheat was mixed in quiet trade. 5. Chicago corn and soybean futures also were pressured by slow exports and speculation that supplies are not as tight as feared. 6. Chicago wheat was narrowly mixed, mildly supported by technical strength, but pressured by slow exports and a good quality crop this year. 7. Corn futures closed at contract lows in some months on slow exports and active commercial selling. 8. Corn futures dropped after a week of slow export sales renewed concern that supplies will be ample with the addition of grain from the bumper U.S. crop. 9. Corn dropped after a week of slow export sales renewed concern that supplies will be ample with the addition of grain from the bumper U.S. crop. 10. Corn futures fell partly on selling by investors in commodity funds amid slow export business. |