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“Wheat Futures Drop to 17-Month Low Amid Ample Supplies”

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Author: climateer
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Commodities are mean-reverting sumbitches.* From Bloomberg via Yahoo Finance, February 27:Wheat futures declined to the lowest in 17 months amid ample near-term supplies.The most active contract fell 1.6% to settle at $7.10 a bushel, the
lowest since September 2021. The grain heads for a decline of 6% this
month, the biggest monthly loss since November. Top-shipper Russia is
expected to post
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