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Weak US dollar lifts wheat, but Black Sea export hopes cap gains
CANBERRA: Chicago wheat futures rose on Thursday as a weaker US dollar made US crops more competitive on global markets, although expectations of stronger Black Sea exports kept prices near four-month lows. Corn and soybean futures also gained after reaching multi-month lows in the previous session. The most-traded wheat contract on the Chicago Board of Trade (CBOT) was up 0.5% at $6.01-3/4 a bushel at 0148 GMT. Corn rose 0.4% to $4.46 a bushel and soybeans were up 0.1% at $12.03-1/2 a bushel. From highs in early September, CBOT wheat has fallen about 25%, while corn has slipped roughly 20% an...
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