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CBOT September SRW wheat closed down 6 cents at $5.23-3/4 after touching its lowest since May 13 on technical selling and competition for export sales. Sovecon raised its Russian 2025-26 wheat export forecast to 43.3 million tons from 38.3 million, while Russian and Ukrainian harvests face delays from rain.
A larger Russian export outlook adds competing supply to global wheat markets, pressuring US wheat export competitiveness and futures prices. Harvest delays in Russia and Ukraine partly offset this bearish supply signal.
tradingview.comJul 30, 2025Not 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.
