Wheat Futures Rise as Interest in Cheaper Exports Grow - Daily Grain Highlights
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Wheat futures rose 1.5% to $5.17 3/4 a bushel on the Chicago Board of Trade, driven by increased interest from global importers following a lower price trend post-WASDE report. Corn and soybeans also saw price increases. U.S. winter wheat crops are entering dormancy without protective snow cover, raising concerns about potential freeze damage. Future agricultural futures may depend on weather conditions leading up to spring planting. The USDA and CME will be closed for Martin Luther King Jr. Day, with reports on grain export inspections and livestock slaughter scheduled for next week.
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