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CBOT wheat ends lower in setback from eight-month high

ReutersFeb 19, 2025 9:21 PM

- Chicago Board of Trade wheat futures settled lower on Wednesday on profit-taking after the market reached an eight-month high, traders said.

  • Prices pulled back after rising earlier on spillover support from a 16-month high in CBOT corn Cv1 futures.

  • Corn futures also finished lower in a setback from recent rallies.

  • Traders said fears subsided about cold weather threatening to damage dormant wheat crops in Russia and the United States.

  • CBOT March soft red winter wheat WH25 settled down 12-3/4 cents to $5.92 per bushel.

  • K.C. March hard red winter wheat KWH25 ended down 13-1/2 cents at $6.13-3/4 per bushel, and Minneapolis March spring wheat MWEH25 dropped 7-1/2 cents to $6.33-1/2 per bushel.

  • Euronext wheat also closed lower.

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