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Markets

CBOT wheat falls on technical weakness

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By Fawad MaqsoodReuters

CHICAGO: Chicago Board of Trade wheat futures weakened on a round of technical selling on Tuesday, their fifth decline in six sessions.

Prices firmed early but the benchmark CBOT December soft red winter wheat contract dipped into negative territory after hitting resistance at its 40-day moving average.

MGEX spring wheat closed firm, recovering from early weakness after finding support near Monday's low.

K.C. hard red winter wheat futures were slightly weaker.

 

Copyright Reuters, 2017
 

 

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