(Bloomberg) -- Wheat futures in Chicago fell for a
second day as the premium above the corn price reached the
widest ever, prompting speculation fewer livestock producers
will use wheat in feed. Corn and soybeans were little changed.
Wheat's most-active contract is almost $2.60 per bushel
more expensive than corn on the Chicago Board of Trade, about
double the average difference of $1.30 for the past year. Wheat
is used for food, such as bread and noodles, and competes with
corn and soybean meal for livestock feed.
Read more at Bloomberg Commodities News
second day as the premium above the corn price reached the
widest ever, prompting speculation fewer livestock producers
will use wheat in feed. Corn and soybeans were little changed.
Wheat's most-active contract is almost $2.60 per bushel
more expensive than corn on the Chicago Board of Trade, about
double the average difference of $1.30 for the past year. Wheat
is used for food, such as bread and noodles, and competes with
corn and soybean meal for livestock feed.
Read more at Bloomberg Commodities News
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