US wheat contract veers up as overall downward trend persists

19.03.2024

Chicago wheat futures edged higher on Friday, with the market still on track for a third weekly decline on pressure from Chinese buyers cancelling shipments amid plentiful global supplies.

Corn and soybeans slid.

The most-active wheat contract on the Chicago Board of Trade (CBOT) was unmoved at $5.35-1/2 a bushel as of...