GRAINS-Wheat set for weekly gain on Black Sea export concerns


Source: agriculture.com agriculture.com

Key Topics in this News Article:

News Snapshot:

SINGAPORE, Oct 14 (Reuters) - Chicago wheat rose for a second day on Friday, eyeing a positive weekly finish, as supply concerns from the Black Sea region surfaced after Moscow said it was prepared to reject renewing its export corridor deal unless its demands were addressed. Soybeans and corn eased, although both markets were on track for weekly gains, underpinned by expectations of lower U.S. harvests. FUNDAMENTALS * The most-active wheat contract on the Chicago Board of Trade (CBOT) rose 0.3% to $8.95 a bushel, as of 0044 GMT. The market has gained 1.7% this week so far, after finishing...