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Chicago wheat futures fell on Friday after an export-fuelled rally, with March wheat down 1% at $5.92 a bushel. USDA reported weekly sales of 22,800 tonnes, and China bought a net 197,310 tonnes.
Russian supply and the Ukrainian shipping corridor kept a cap on prices.
Cheap Russian and Black Sea supply limits how far U.S. wheat can rally on export demand. Traders see weekly export data as a short-term support.
brecorder.comReutersDec 1, 2023Not 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.
