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Chicago Wheat Falls to Four-Week Low Amid Advancing US Harvest

  • POST FROM 6 June 2024

Chicago wheat prices dropped for the seventh consecutive session on Thursday, hitting their lowest point in almost four weeks due to the progressing US harvest. This shift overshadowed concerns about adverse weather in Russia. Soybeans and corn, on the other hand, rebounded after reaching multi-week lows on Wednesday, driven by favorable US crop conditions.

https://www.xm.com/research/markets/commodities/reuters/wheat-stays-weak-corn-and-soybeans-recover-from-lows-53855009

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