Grain Prices Continue To Ease

Wheat, corn and soybean futures all fell to multiweek lows last week due to a confluence of factors, including expectations that, due to higher-than-anticipated yields, global production of these crops would outpace demand in the coming months. The price declines have offered some relief to meat, poultry and egg producers as well as to bakeries, all of which faced soaring input costs earlier

CHICAGO — Wheat, corn and soybean futures all fell to multiweek lows last week due to a confluence of factors, including expectations that, due to higher-than-anticipated yields, global production of these crops would outpace demand in the coming months.

The price declines have offered some relief to meat, poultry and egg producers as well as to bakeries, all of which faced soaring input costs earlier this year as prices of feed and flour followed the commodities markets' rise.

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