CHICAGO DECEMBER 03.2022 (Saba) - Wheat in Chicago continued its losses on Saturday, hitting a three-month low after weekly U.S. exports kept the traders focus on competition from cheaper Black Sea supplies.
According to Reuters news agency, corn prices also fell while soybeans rebounded to recover after a sell-off in the previous session on the disappointing levels of biofuels in the United States.
Chicago Trade Council's most active wheat contract also fell by 1.9 per cent to $7.68 and a half cents a bushel after falling earlier to its lowest since August 19.
Russia's standard harvest and export corridor of grain from Ukraine enhanced the export competition of American supplies.
resource : Saba
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