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Wheat futures traded higher on Friday, August 29, with CBOT, KC HRW and MGEX spring wheat all gaining a few cents. Export sales for the full marketing year reached 12.15 million tonnes, 51% of the USDA projection and ahead of the average pace.
Strong export commitments and short covering support wheat near term, though forecasts for wet Southern Plains weather add uncertainty for harvest and quality.
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.