Wheat Futures, Little Changed, Head for Weekly Gain on U.S. Export Demand

(Bloomberg) -- Wheat futures, little changed today
in Chicago and Kansas City, headed for weekly gains as demand
for U.S. supplies exceeded expectations after prices declined
from record levels.

U.S. exporters sold 538,400 metric tons of wheat last week,
more than the 200,000 to 400,000 tons forecast by Citigroup
Global Markets in Chicago. Advance sales are up 22 percent since
June 1 compared with the same period a year earlier, the
Department of Agriculture said today. Futures in Chicago have
fallen about 7 percent from the highest ever on June 29.


Read more at Bloomberg Commodities News