Category: NYSEARCAWEAT
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Wheat futures take breather as traders pull back from war-fueled rally (NYSEARCA:WEAT)
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Toltek/iStock via Getty Images U.S. wheat futures fell the most in six weeks on Monday, as traders took profits after prices surged last week due to escalating hostilities in the war between Russia and Ukraine. Wheat prices jumped 5% to nearly $6 a bushel last week, hitting a record high.…
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U.S. headed for bumper crop, which could be a bummer for farmers (NYSEARCA:WEAT)
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Masoud Zengin/iStock via Getty Images U.S. wheat futures rose for a second straight session on Wednesday, jumping about 1.5% in Chicago after rising 2% in the previous session following reports that U.S. corn, soybeans and spring wheat grades deteriorated last week. Meanwhile, domestic wheat prices in Russia rose. The beginning…