Markets

Wheat retreats from 10-month highs as investors lock profits

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CANBERRA: Chicago wheat futures fell on Wednesday as forecasts for rain in parched Russian sowing areas led to investors locking in profits after prices surged to a 10-month high.

Chicago wheat futures at 10-month high

Soybean futures also slipped amid ample supply from South America and corn dipped as the US planting weather improved.