Wheat futures fell Friday, poised for their lowest finish since late December. The U.S. Department of Agriculture reported that planted acres of winter wheat for 2018 are expected to total 32.6 million acres, down less than 1% from 2017. “U.S. wheat planted acres were higher than expected, actual U.S. feed usage of wheat was down and Russia production was higher than expected, resulting in record wheat exports out of Russia,” said Sal Gilbertie, president and chief investment officer at Teucrium Trading LLC. March wheat fell 2.4%, at $4.23 a bushel. Corn futures also fell, with the March contract down 0.5% at $3.47 a bushel. March soybeans added 0.4% to $9.53 a bushel.
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