Wheat slips to a one-month low on rainy forecast in the U.S.

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Source: Bloomberg
Wheat futures for March settlement were lower by 0.8% to $7.7275 for one bushel on Chicago Board of Trade during Singapore trading session on Wednesday. Commodity traders were selling wheat, as rains might bring some relief to crops in the U.S., which are suffering from drought. Weather forecast, which say that some precipitation will be brought next week, pushed market for a reasonable selling on as the price of wheat lost 1.5% yesterday.
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