CBOT wheat slides 2.1% as winter harvest advances, with Europe heat risks in focus

Chicago Board of Trade wheat, corn and soybean futures fell Friday, led by a 2.1% drop in the September wheat contract to $5.8875 a bushel. Prices faced seasonal pressure as the Northern Hemisphere winter wheat harvest accelerates. Traders are bracing for USDA reports due Tuesday that are widely expected to be bearish, including higher planted acreage and quarterly stocks above a year earlier. Hot weather threatening European crops offered a counterweight, though trading remained centered on expectations for a strong U.S. harvest.