The price of wheat has risen slightly before the Thanksgiving holiday.

In Europe and America, there were no significant movements in the commodity markets last week. In Chicago, corn prices fell by 1.1 percent, wheat by 0.5 percent, soybeans by 1.2 percent, and rapeseed by 0.9 percent. In Europe, the price of milling wheat rose by 0.8 percent, feed wheat stagnated, corn fell by 0.7 percent, and rapeseed by 0.2 percent. It seems that traders have switched to holiday mode, with the prices of wheat and other crops showing only minor movements in general. With the upcoming Thanksgiving holiday next week, traders seem to prefer a risk-free approach. The holiday also marks the beginning of the traders' new year accounting, which often involves liquidating buying positions, said Charlie Sernatinger from Marex, adding that if something moves the market next week, wheat could break out of its typical seasonal selling path. The United States Department of Agriculture (USDA) did not announce any new soybean export sales to China on Friday, which caused concern ...