Wheat ends week lower

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Cereals

• Global wheat prices trade lower following profit taking, as markets close the week down only slightly on where they opened.
• Glencore are in discussion with different parties over the sales of their agricultural assets, sources say Canadian pension fund as well as Japanese trade houses are interested.
• Ukraine and Russia's winter wheat regions remain dry.
• Asian millers increase their purchases of wheat by purchasing 60KT of Australian wheat as dry weather continues to cause concern over price rises. (Reuters)
• UK wheat drilling makes good progress this week, with favourable conditions in many areas.

Oilseeds

• Soybeans supported by a week of strong exports and slightly higher crush levels.
• OSR under pressure due to stronger Euro, remains slightly down over the week.

Prices