Markets

Ample production pushes wheat towards 5-year lows

Published August 5, 2025 Updated August 5, 2025 11:18am
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CANBERRA: Chicago wheat futures fell to a three-month low on Tuesday, with prices drifting towards their lowest levels since 2020 as Northern Hemisphere harvests pour supply onto the market.

Soybean and corn futures also slipped amid high U.S. crop conditions ratings and plentiful South American production.