date:Apr 22, 2014
Chicago wheat fell around 2 percent on Monday to its lowest in almost a week after much needed rains fell in the parched US Plains over the weekend and more showers were forecast. Corn and soybean prices were also lower. Dealers said dryness in key US hard red winter states such as Kansas remained a concern, although the rains were likely to have brought some relief.
The rains over the weekend and the rains in the forecast are putting (downward) pressure on prices. Soil moisture is improving,