Markets

Wheat slips on expectations of strong US production

Published May 20, 2025 Updated May 20, 2025 11:27am
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CANBERRA: Chicago wheat futures edged lower on Tuesday as expectations of a large harvest in the United States held prices close to last week’s five-year low despite concerns that frosts in Russia and dry conditions in China could damage crop production.

Wheat up 1-6 cents, corn and soybeans up 1-4 cents

Corn and soybean futures fell.