Wheat, corn, soy fall

US wheat, corn and soybean futures fell to multi-month lows Friday on commodity fund liquidation at the month’s end amid ample world stocks and fears of slowing growth, traders said.
“We are building in record crops in South America, and we are washing out some spec length. Nobody can look at a chart objectively and say they look positive,” said Jason Ward, an analyst with Northstar Commodity.
At the Chicago Board of Trade, March wheat settled down 5 cents at $5.02-3/4 per bushel. March corn finished down 1-1/2 cents at $3.70 a bushel, paring losses toward the close. March soybeans fell 7-1/4 cents at $9.61 a bushel.
Wheat posted the biggest percentage losses of the three, with the lead contract dipping below $5 for the first time since mid-October.
World wheat output is projected at a record high for 2014/15, and the US Agriculture Department this month raised its forecast of global ending stocks.