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Wheat quotes rose on Aug 25 as US corn and soybean prices gained on possible US harvest cuts, though physical demand remained limited. Egypt's GASC bought 240,000 tonnes of Russian wheat at $368/t C&F without a tender.
Higher US corn and soy prices are lifting wheat as a feed substitute, but Russia's record harvest and Egypt's buying keep the upside limited.
ukragroconsult.comAug 25, 2022Not 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.
