US wheat does not sell well - weak CBoT prices

After two days of significant losses, CBoT wheat futures prices are picking up again this morning. Although the US wheat continues to sell badly, it comes on the futures exchange to "bargain buying".
Traders in Singapore are not barked about the global supply of wheat anyway, but Black Sea wheat is selling better in Asia and other parts of the world. This is at the expense of US wheat sales.
Egypt's GASC yesterday bought 60,000 tons of Russian wheat in an international tender. US wheat was not even offered. Graphic: Saxo-Trader

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