Wheat falls, but set for third week of gains on world supply worries

Capt. John

Chicago wheat futures edged lower on Friday, but the market was set for a third weekly gain as tightening supplies in top exporters Russia and the United States underpinned values. Corn slid 0.8% and soybeans fell 0.4%. “There was a reduction in global wheat supply forecast, especially Russian production,” said one Singapore-based trader. “But most …

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