Wheat gives back some gains as US dollar steadies

08 Jul, 2024

CANBERRA: Chicago wheat futures fell on Monday as the US dollar rose, reversing the dynamic of last week when a weakening dollar and strong US wheat exports pushed prices higher.

US wheat futures up on strengthening demand

Corn and soybean futures also slipped, with traders turning bearish again after concerns that dry, hot weather would damage US crops lifted prices last week.

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