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Markets Print edition: 2020-01-10

CBOT wheat futures rebound on easing ME tensions

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By BR Web DeskRecorder Report

Chicago Board of Trade (CBOT) wheat futures rebounded on Wednesday, as worries eased that rising tensions in the Middle East could dent exports.

Wheat traders said the market was waiting for a US Agriculture Department report on Friday on US winter wheat plantings.

Traders' jitters cooled after Iran and the United States signaled a de-escalation of tensions after an Iranian missile attack against US forces in Iraq.

US President Donald Trump said on Wednesday there were no American casualties in the Iranian strikes on military bases housing US troops in Iraq and that Tehran appeared to be standing down.

Copyright Reuters, 2020

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