Archive · Business Recorder
Wheat rebounds from 4-1/2-month low on Black Sea supply concerns
CANBERRA: Chicago wheat futures rose on Friday after slipping to a 4-1/2-month low in early trade, as continued disruption to Black Sea exports outweighed pressure from a stronger US dollar and expectations of large harvests in Australia and Argentina. Corn and soybean futures rose and were on track for weekly gains after the US Department of Agriculture tightened its US supply outlook for both crops on Tuesday, lifting prices from multi-month lows. The most-traded wheat contract on the Chicago Board of Trade (CBOT) was up 1.1% at $5.90-1/2 a bushel at 0352 GMT, after falling to $5.82, the low...
ZAZTEK archives the headline, summary and publication date so the story stays findable. The full article remains the publisher's. Read it at Business Recorder →