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US wheat futures traded below 500 cents per bushel, reaching their lowest level since May, as US export sales slumped and harvest pressure built in the US and Europe. A stronger Australian dollar also pushed Australian wheat prices lower.
Weak export demand and harvest pressure lower global wheat benchmarks, and a firmer Australian dollar reduces the local-currency value of CBOT-linked prices.
farmonline.com.auMalcolm BartholomaeusJul 22, 2019Not 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.
