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CBOT wheat futures rebounded on March 28 from a two-month low of $418 hit the previous day, which was driven by global oversupply concerns. Favorable U.S. weather is limiting gains ahead of the USDA prospective plantings report due Friday.
Expectations of larger U.S. wheat acreage weigh on prices, while good crop weather reduces the risk premium.
economies.comRami HaddadMar 28, 2017Not 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.
