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News 2026-10-16 18:48 UTC

CBOT wheat drops to 2 — month low on fund selling, technicals

CHICAGO, Oct 16 (Reuters) — Chicago Board of Trade wheat futures fell to a two-month low on Friday on technical selling and fund liquidation that dragged the market to a seventh straight weekly decline. Wheat prices have remained under pressure despite a continued grain shipping disruptions on the Black Sea caused by t