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Chicago wheat futures fell on January 31, 2024, heading for their first monthly decline since September. Falling Russian export prices and a stronger dollar weighed on US prices, while soybean and corn futures also dipped after rain improved crop prospects in Brazil and Argentina.
Lower Russian offers and a firmer dollar make US wheat less competitive, and South American rains reduce supply risk for soy and corn. Ample supply keeps the bearish pressure on grain prices.
brecorder.comReutersJan 31, 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.
