CBOT wheat lower on new proposals to reopen Black Sea grain shipping
Bullish strength: 25/100
- Dry soils and excessive rainfall are hampering winter crop development in parts of the EU.
Bearish strength: 75/100
- New proposals to reopen Black Sea grain shipping raised expectations of renewed supply flows.
- CBOT December wheat settled 9 cents lower at $6.16 per bushel.
- The most-active CBOT wheat contract reached its lowest price since July 9.
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