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Wednesday, November 29, 2023

Wheat futures higher after USDA forecasts inventories at 16-year low (NYSEARCA:WEAT)

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Road through wheat field

Toltek/iStock via Getty Images

U.S. wheat futures rose Friday, after the U.S. Department of Agriculture forecast inventories likely will fall to a 16-year low as drought conditions in the Southern Plains are expected to take a sizable amount out of production.

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