Wheat Drops on Signs Demand May Be Easing, U.S. Crop Improves
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Wheat futures declined amid signs that demand for U.S. grain may be waning, as the condition of the crop improved in the country, the world’s largest shipper.
March-delivery wheat lost as much as 0.7 percent to $7.0725 a bushel on the Chicago Board of Trade, before trading at $7.10 at 2:58 p.m. Singapore time.