Markets

Wheat dips as speculators hold onto short positions

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CANBERRA: Chicago wheat futures on Monday slipped further from last week’s four-month high as speculators held onto bearish positions despite the strongest run of US wheat sales to China in years.

Chicago wheat pauses after hitting 4-month high

Soybeans regained ground after a higher than expected US government estimate of Brazilian production eased supply concerns on last week.

Corn futures also rose.