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Chicago wheat futures hit a two-month low on December 1 as U.S. winter wheat condition ratings improved and Australia's harvest estimates rose. March wheat settled at $5.77-1/4, with corn and soybeans also lower.
Egypt bought Black Sea wheat with no U.S. origin offered.
Improving U.S. crop ratings and strong Black Sea competition weigh on U.S. wheat export prospects, adding downward pressure on wheat as a feed alternative.
grainews.caJulie Ingwersen, GFM Network NewsDec 1, 2020Not 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.
