Wheat falls but set for first weekly gain in a month
U.S. wheat futures edged lower on Friday, retreating from a near two-week high touched in the previous session, but the grain was poised to record its first weekly gain in a month following forecasts for lower global production. Soybeans held steady as the oilseed was poised to record weekly gains of nearly 3%, while corn remained unchanged. The most active wheat futures contract on the Chicago Board Of Trade were down 0.1% at $5.20-1/4 a bushel after rallying more than 3% on Thursday when prices hit a high of $5.23 ...
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