Wheat Rebounds as Demand May Rise After Decline; Soybeans Gain
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Wheat rebounded from a five-month low on speculation that a government report today may show a gain in U.S. export sales after prices dropped. Soybeans and corn also increased.
U.S. export sales of wheat in the week ended Dec. 20 may total 500,000 metric tons to 1 million tons, up from about 431,000 tons in the same week last year, according to a Bloomberg News survey. The U.S. Department of Agriculture is scheduled to release figures at 8:30 a.m. in Washington. Wheat prices have tumbled 10 percent this month.