SYDNEY, June 19 (Reuters) – U.S. wheat futures dipped on Friday and hovered near an eight-month low hit in the previous session, as ample global supplies pushed the grain towards a weekly loss of nearly 4%.
FUNDAMENTALS
* The most active wheat futures on the Chicago Board Of Trade fell almost 4% for the week, their third straight weekly loss.
* Wheat was down 0.1% at $4.83 a bushel after hitting an eight-month low of $4.81 a bushel on Thursday.
* The most active soybean futures rose 0.1% for the week, their fourth straight weekly gain.
* The most active corn futures fell 0.5% for the week, their biggest weekly loss since May 1.
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