Wheat Set for Best Weekly Grain in 4 Months
Wheat set to finish week up more than 6%
Concerns about global supply set U.S. wheat futures on track for a weekly gain of more than 6%, though the grain dipped on Friday as traders squared positions ahead of a widely watched government report that is expected to trim output estimates, reports Reuters.
Earlier in the session, the grain leapt to its highest prices in more than two months as the latest crop estimates in major exporting countries such as Argentina, France and Russia raised questions about global supply.
Corn was also set for a weekly gain, while soybeans edged higher.