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Wheat heads for first monthly fall since September on ample supply

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By Reuters

CANBERRA: Chicago wheat futures fell on Wednesday and headed for their first monthly decline since September, as falling Russian export prices and a strengthening dollar weighed on US prices.

Russian wheat export prices continued decline amid high supply in the Black Sea region

Soybean and corn futures also dipped and were set for monthly falls after rain boosted prospects for crops in Brazil and Argentina at a time when markets are well supplied.

Wheat

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