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U.S. wheat futures fell on Tuesday, with the KC hard red winter contract hitting its lowest in nearly five months on fund long liquidation and southern Plains harvest pressure. Soybeans were lower while corn ended modestly higher ahead of USDA reports due later that week.
The U.S. winter wheat harvest was 41 percent complete, with Kansas at 52 percent.
Harvest pressure and fund selling push near-term HRW and SRW prices lower, which can ease wheat-based feed costs for buyers. Traders are positioning ahead of USDA data that could reverse the move.
grainews.caGFM Network NewsJun 26, 2018Not 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.
