CBOT wheat falls to fresh 3-month low

Chicago Board of Trade (CBOT) wheat futures fell to a fresh three-month low on Friday, pressured by Black sea supplies that compete with U.S. exports.

• Most-active CBOT March soft red winter wheat (WH3) lost 22 cents to settle at $7.61 a bushel, the lowest for a most-active contract since August 19.

• The spot December contract (WZ2) fell 21-1/2 cents to $7.37-1/4 a bushel.

• K.C. March hard red winter wheat (KWH3) slid 19-1/2 cents to $8.70-3/4 a bushel, and MGEX March spring wheat (MWEH3) last traded down 16-3/4 cents at $9.21-1/4 a bushel.

• Ukrainian farms had harvested 41.9 million tonnes of grain from 85% of the expected area as of Dec. 1, the agriculture ministry said.

• Canada's all-wheat crop turned out smaller than expected due to dry conditions, about 900,000 tonnes smaller than it looked in September, Statistics Canada reported.

• French crops are in good shape entering the winter with an estimated 98% of soft wheat in good or excellent condition in the week to Nov. 28.