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Market Impact: 0.28
Wheat Facing Double Digit Weakness on Thursday
Source: Nasdaq
Commodities & Raw MaterialsCommodity FuturesMarket Technicals & Flows
Wheat futures posted broad double-digit midday declines, with Chicago SRW down 14 to 15.25 cents, Kansas City HRW down 11 to 13 cents, and Minneapolis spring wheat lower by 11 to 14 cents. The synchronized selloff appears driven by traders taking money off the table, signaling negative near-term price momentum across the wheat complex.
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