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Wheat Market Stabilizes

After 50% correction, markets seems to catch and manage a strong day on Friday

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Most of this week was spent correcting the major rally during March, reports Successful Farming.

After about a 50% correction, the markets seemed to catch, and managed a strong day on Friday. Much of the enthusiasm that propelled wheat higher - flour mills running non-stop, tight supplies of spot wheat and general panic buying - has waned.

However, there is one bullish factor that hasn’t waned, and that is the developing dryness across the Black Sea.

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