Markets

Wheat recoups some losses but ample supply caps gains

Published July 24, 2025 Updated July 24, 2025 11:08am
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CANBERRA: Chicago wheat futures on Thursday clawed back some of their losses from a day before, but expectations of plentiful global supply limited the recovery and held prices near recent lows.

Corn futures rose slightly, but forecasts for crop-friendly rain in U.S. grain belts capped the gains.

Soybeans were unchanged amid news that China will reduce hog production and look for alternatives to soybean meal in feed rations.