⁍ The most active wheat futures contract on the Chicago Board Of Trade was up about 4.5% for the week so far.

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⁍ The most active corn futures were up nearly 2.5% for the week, their third straight weekly gain.

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⁍ Argentina’s Rosario grains exchange lowered its estimate of the South American country’s soon-to-be-harvested 2020/21 wheat crop to 17 million tonnes.

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– US wheat futures hit a nearly 6-year high on Friday, as dry weather in key global producing regions raised supply concerns, pushing the grain towards its third straight weekly gain of about 4.5%. The most active wheat futures contract on the Chicago Board of Trade was up about 4.5% for the week so far, on track for its third straight weekly gain. Wheat hit a top of $6.22 a bushel as of 0050 GMT, its highest level since December 2014. The most active soybean futures were down nearly 0.5% for the week, their first weekly loss in three weeks. The most active corn futures were up nearly 2.5% for the week, their third straight weekly gain. Argentina’s Rosario grains exchange lowered its estimate of the South American country’s soon-to-be-harvested 2020/21 wheat crop to 17 million tons, from 18 million previously, citing dryness and frosts, reports Reuters.