Markets

CBOT wheat ends up on short-covering after choppy session

Published July 25, 2016 Updated July 25, 2016 08:39pm

1 min

By Shoaib Ur Rehman

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CHICAGO: Chicago Board of Trade wheat ended higher on Monday, boosted by short-covering that was linked to concerns about reduced yields in the top exporting region of the European Union, traders said.

A choppy session saw US wheat futures trading sharply higher before reversing lower and then turning higher again before the close.

Investors were exiting their short bets on technical indications that wheat may have bottomed out after falling to the lowest levels in about a decade in the wake of the summer US harvest.

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