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Amanda Brill at Total Farm Marketing said, “Wheat posted double digit gains across the board, likely following soybeans higher after rumors that China is looking to buy beans from the U.S. This may have caused some short covering in the grain markets. A weaker U.S. Dollar and earlier USDA cuts to harvested acreage also supported the rally.” Ukraine’s Agrarian Academy says crops in southern Ukraine have been affected by the prolonged drought, including wheat, and frosts in April and May. Central and western regions have seen better conditions.
