Wheat drops on U.S. rains forecast; soybeans up


Chicago wheat futures dropped to a 2-1/2-week low on Friday on outlooks for rains by this weekend that should alleviate stress on some crops in the parched U.S. Plains growing region, traders said.

CBOT May contract wheat settled down 11 cents at $4.67-3/4 per bushel, bringing the losses for the week...