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Friday, April 19, 2024

Wheat futures sink on U.S. Plains rains, ample global supplies (NYSEARCA:WEAT)

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Tractor spraying wheat field, aerial view

Bim/E+ via Getty Images

U.S. wheat futures continued their negative momentum of the past month on Monday, touching fresh 22-month lows on plentiful global supplies, sluggish demand for U.S. exports, and rains in the Plains and Midwest.

Expectations for a stronger Crop Progress report

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