SYDNEY: U.S. wheat prices edged lower on Friday on forecasts of harvest-friendly weather in parts of the United States, keeping the grain on track for its biggest weekly loss in over two months.
The most active wheat futures on the Chicago Board of Trade were down 2.5 percent for the week, set for their biggest weekly loss since March 24.
The most active soybean futures have fallen 1.5 percent over the week, the fourth consecutive weekly loss. The most active corn futures have dropped more than 1 percent for the week, the first weekly slide in six weeks. Wheat was under pressure as weather forecasts raised the prospect of an early start to harvesting bumper U.S. supplies.