Wheat rises as traders brace for Canadian rail stoppage
Chicago wheat futures rose on Thursday as the market braced for a potential Canadian rail stoppage that would disrupt exports from North America, but plentiful supply from the Black Sea region kept prices near four-year lows.
Chicago corn futures edged higher and soybeans fell, with both crops near their lowest since 2020 as a major crop tour reinforced expectations of bumper U.S. production.
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