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“It was a volatile session for grain markets, particularly soybeans, following last night’s meeting between President Donald Trump and President Xi Jinping. Wheat appears to have little upside for now, as short covering may be mostly complete and there’s a lack of fresh bullish news,” Total Farm Marketing said. “Adding to the pressure, Fed Chairman Powell indicated that interest rates may not be cut in December, boosting the U.S. dollar and weighing further on wheat prices.”
