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Chicago wheat prices rose toward a first weekly gain in a month on strong export demand, with Egypt and Algeria among key buyers of US wheat. Wheat is still on track for its largest monthly decline since June 2022, down nearly 14% in June.
Traders were positioning ahead of USDA's quarterly stocks and acreage reports.
Robust US export sales support near-term wheat prices, but harvest pressure from the Northern Hemisphere and Argentine planting keep the broader trend bearish for feed wheat costs.
ag.hedder.comHedderJun 30, 2024Not 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.
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.
