Chicago wheat futures fell to an eight-week low as harvesting progress brought pressure.
Chicago wheat futures fell, with traders reacting to the progress of winter wheat harvest in the United States, intensifying downward pressure on prices. According to data from the US Department of Agriculture, about 80% of winter wheat has been harvested, an increase of 7 percentage points from the previous week. Harvesting of spring wheat has also begun. Futures prices fell by 1.5% on Tuesday, reaching the lowest level since May 29. Meanwhile, export inspection numbers decreased compared to the previous week, indicating weak demand.
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