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Wheat inches up from near four-month low, Black Sea exports in focus
SINGAPORE: Wheat firmed on Thursday, as bargain buying lifted prices from a near four-month low hit in the previous session after Russia allowed grain export vessels to leave the Sea of Azov for the first time since July 10, boosting supply prospects. Soybeans slid, while corn was largely unchanged, with both products under pressure from a US harvest that boosted supply. “The wheat market has already given up much of the gains due to Black Sea supply issues,” said one Australia-based trader. “We think the market is just trying stabilise at the current levels.” The most-active wheat contract on...
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