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Latin America
Wheat Ended Fractionally Higher
Wheat futures reversed early losses to end fractionally to 4 cents higher in most contracts at all three locations. Early pressure in the wheat pit came on spillover from neighboring pits and strength in the dollar index, but as traders began to digest the implications of Russia's decision to lift its 5% import duty, talk that India will free additional government reserve stocks for export and that Brazil will exempt 1 MMT of wheat from import duties, some buying returned.
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*Disclaimer: The information in the Market Commentaries was obtained from sources believed to be reliable, but we do not guarantee its accuracy. Neither the information nor any opinion expressed therein constitutes a solicitation of the purchase or sale of any futures or options contracts.
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