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Chicago wheat futures hit their highest in nearly three months on Oct 17 as short covering followed signs of firmer cash prices. Egypt bought 405,000 tonnes of Black Sea and European wheat at higher prices, and dryness in Argentina and Australia supported the rally.
Firmer global cash prices and South American dryness lift wheat values, raising the cost of wheat used in feed rations.
agcanada.comAGCanadaOct 17, 2019Not 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.
