Wheat at 3-Month High

  • International
  • 7 December 2023
1

Chicago wheat futures rose for the seventh consecutive session, hitting a three-month high, after China's second large purchase of U.S. wheat in several days boosted export prospects.

Corn also extended gains, supported by wheat, while soybean prices rose to recover from a one-month low.

The most active wheat contract on the Chicago Trade Exchange (CBOT) rose 1.1 percent to $6.38 a bushel. The contract touched $6.39 earlier, the highest level since Aug. 24. U.S. sales to China boosted the wheat market.

Source (Al-Khaleej Emirati Newspaper, Edited)

 

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