Economics
Wheat Climbs to 4-Month High as Australia Cuts Export Forecast
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Wheat advanced to a four-month high in Chicago as Australia cut its export forecast after heavy rains delayed the harvest and reduced grain quality.
Wheat for March delivery increased for a fifth day, gaining as much as 2.1 percent to $8.095 a bushel, the highest level for a most-active contract since Aug. 6, before trading at $8.04 at 10:50 a.m. Singapore time.