Wheat Futures Surge to One, Month High

  Published 1 year ago

Chicago wheat futures climbed to a one, month high, driven by a weaker dollar, short, covering amid Northern Hemisphere production concerns, and gains in corn and soybeans. While weather issues exist, analysts caution against overblown bullish sentiment.

  • Wheat led gains, boosted by short, covering.
  • Soybeans rose with crude oil and rain fears.
  • Dollar weakness and fund buying supported prices.

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