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Chicago wheat fell about 16 cents, or 3%, to $5.29 on Friday, leading CBOT grains lower while soybeans, corn and canola also declined. The strong US dollar was cited as hurting export demand for wheat.
Spring wheat found support near $5.80.
A strong dollar cutting export demand for wheat is bearish for wheat and reduces its feed value appeal, while canola lower also weighs on canola meal.
stonex.comCraig TurnerJan 3, 2025Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
