Wheat near: 3-month high

04 Oct, 2022

PARIS/SINGAPORE: Chicago wheat futures rose on Monday to hold near a three-month high as a reduced official estimate of the US harvest and heightened tensions in the Ukraine war kept attention on global supply risks. Corn rose also held firm, supported by a lower than expected estimate of US stocks.

Soyabeans inched up as strength in mineral and vegetable oil markets helped counter pressure from a firm dollar and Friday’s larger than expected US soybean stocks tally.

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