USA: Wheat prices were dragged down by cheap Black Sea crops

In America, you could see a balanced floor, while in Paris, a preponderance of sellers could be seen on Monday's trading day in the produce market. In Chicago, wheat became cheaper by 0.5 percent, corn by 1 percent, soybeans by 0.9 percent, and canola by 3.4 percent more than on Friday. In Europe, mill wheat and corn became cheaper, and rapeseed closed in profit. Feed wheat was not traded in London due to a public holiday. Wheat futures in Chicago fell to a six-month low on Monday as mutual fund sales and the effects of cheap Black Sea supplies continued to weigh on Chicago futures. Canada's independent labor court over the weekend ordered a halt to a work stoppage on the country's largest rail lines that threatened to disrupt North American agricultural supply chains. The United States Department of Agriculture (USDA) is assessing spring wheat condition and harvest progress. According to a preliminary Reuters poll of analysts, 11 predicted that 72 percent of the country's spring ...