U.S. wheat prices fell to pre-conflict levels in Ukraine in February on a stronger dollar and rising global supplies from the northern hemisphere harvest. Soybean and corn prices retreated along with wheat ahead of the weekend's extended US Independence Day holiday and worries about weak demand. On the Chicago Mercantile Exchange, wheat prices have fallen nearly 40% from their peak in March as some grain shipments have begun moving from Ukraine and as winter wheat harvests accelerate across the hemisphere. Wheat for September futures on the Chicago Mercantile Exchange fell 38 US cents to $8.46 per bushel, its lowest level since late February and down 9.7% this week.
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U.S. wheat prices fell to pre-conflict levels in Ukraine in February on a stronger dollar and rising global supplies from the northern hemisphere harvest. Soybean and corn prices retreated along with wheat ahead of the weekend's extended US Independence Day holiday and worries about weak demand. On the Chicago Mercantile Exchange, wheat prices have fallen nearly 40% from their peak in March as some grain shipments have begun moving from Ukraine and as winter wheat harvests accelerate across the hemisphere. Wheat for September futures on the Chicago Mercantile Exchange fell 38 US cents to $8.46 per bushel, its lowest level since late February and down 9.7% this week. New-crop ...
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