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Wheat Facing Early Wednesday Weakness
Source: Nasdaq
Commodities & Raw MaterialsCommodity FuturesMarket Technicals & Flows
Wheat futures extended modest losses Wednesday after broad weakness across U.S. wheat markets Tuesday. Chicago SRW contracts fell 3 to 9.5 cents, while Kansas City HRW futures declined 2.5 to 13.25 cents; Chicago open interest increased by 600 contracts, whereas KC open interest fell. The moves indicate mild bearish pressure in the wheat complex rather than a broad market-moving event.
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