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CBOT wheat closed lower after US stocks data and pressure from the northern hemisphere harvest. The report text is limited to the headline and source attribution.
Larger US stocks and harvest selling add supply and weigh on wheat prices, which lowers the cost of wheat used in feed rations.
After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% over 20.
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.