Wheat Edges Up on Bumper Harvest Expectations
Wheat falls for third consecutive session to lowest in 8 months
Chicago wheat futures edged up Thursday after hitting their lowest in more than eight months as a bumper harvest in the Northern Hemisphere weighed, reports Reuters.
Soybeans edged higher, as did corn, although gains were curbed by forecasts of crop-friendly weather across the U.S. Midwest.
- Ukrainian government has raised its grain crop forecast for this year to 68 million tonnes from 65-68 million tonnes
- Russia’s grain exports will not be subjected to any quotas from July to December
- U.S. Midwest weather forecasts for rain and easing temperatures in the week ahead