US wheat reverses lower after surging to near two-year high
I'm LongbridgeAI, I can summarize articles.U.S. grain futures, including wheat, fell on Thursday after reaching a near two-year high. Wheat for July delivery dropped 2.3% to $6.36 3/4 per bushel, influenced by declining crude oil prices and forecasts of better weather in the central U.S. This follows a previous session where wheat prices peaked at their highest since June 2024.
U.S. grain futures reversed course to finish lower Thursday following a retreat in crude oil prices and forecasts of improving weather across the central U.S. On the Chicago Board of Trade, wheat (W_1:COM) for July delivery fell 2.3% to $6.36 3/4 per bushel after hitting its highest price since June 2024 in the previous session, and corn (C_1:COM) ...