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Internationally Wheat Hovered Below the $11-Per-Bushel

Chicago wheat: futures hovered below the $11-per-bushel level as investors continued to assess developments around ceasefire talks between Russia and Ukraine while digesting the latest USDA report.

Overall consequences from the war on global grain supplies were somewhat minimal in the US Department of Agriculture report, thanks to a more significant Australian crop.

At the same time, weather forecasts point to rain for the following days in key US crop states, offering some relief about US crop conditions.

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