On June 29, according to media reports, the Chicago Board of Trade (CBOT) soft red winter wheat futures market closed down on Wednesday, with the benchmark period closing down about 4.20%, the lowest level in two weeks, mainly due to the accelerated pace of winter wheat harvesting, The acreage data from Statistics Canada was bearish.
As of the close, wheat futures fell by 17 cents to 29.50 cents, of which the July futures closed 29.25 cents lower at 655.75 cents per bushel; the September futures closed 29.25 cents lower at 669.75 cents / bushel; the December period closed down 29.50 cents to close at 686.75 cents / bushel.
The most actively traded September futures contract ranged from 667.50 cents to 706.25 cents.
At one point during the session, the benchmark fell to its lowest level since June 15.
The December contract also fell below the $7 mark on Wednesday, after the July and September contracts fell below the $7 mark on Tuesday, traders said.
