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Wheat Falling Lower on Friday with Black Sea Pressure
Source: Nasdaq
Commodities & Raw MaterialsCommodity FuturesMarket Technicals & Flows
Wheat futures were under renewed pressure Friday, falling 12 to 20 cents across the three exchanges after a weaker Thursday session. Chicago SRW wheat declined 1.5 to 5.25 cents on Thursday, while open interest fell by 2,691 contracts, indicating softer participation alongside the price weakness. KC HRW futures also moved lower, reinforcing a bearish near-term tone for wheat contracts.
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