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Wheat Extends Losses as Bumper Global Stocks Push Prices

Corn and soybean prices both trading higher

Syngenta Hybrid Wheat Lead

U.S. wheat futures fell for a second consecutive session on Monday as ample global stocks and sluggish demand due to the COVID-19 pandemic pushed prices to a near two-month low, reports Reuters.

Corn and soybean prices, however, were both trading higher.

Aiding soybean prices, the National Oilseed Processors Association (NOPA) said its members processed 171.754 million bushels of soybeans last month, above an average of trade expectations for 170.483 million.

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