Wheat Falls Hard, Gulf HRW Nearing Russian Origin on Fob Basis
CBOT wheat futures fell 12 cents to new 3-month lows. US weekly export sales at 14 Mil Bu are viewed as market neutral. Wheat simply fell along with corn as the US Administration will add tariffs on Chinese goods beginning Sep 1. Following this week’s collapse Gulf HRW is offered at $197-199, basis fob. Russian…