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Print Print edition: 2017-03-09

US wheat futures lower

Published March 9, 2017 Updated March 9, 2017 12:00am

US wheat futures weakened on Tuesday on a round of profit-taking following a rally that pushed prices to their highest in more than two weeks on Monday. But prices closed well above daily lows as investors used the weakness to cover short positions. Resistance for the benchmark Chicago Board of Trade May soft red winter wheat contract was noted at its 200-day moving average. But support was seen near its 30-day moving average.

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