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The Hightower Report said, “Chicago wheat finished near steady while Kansas City was marginally higher, buoyed by the lack of moisture for much of the HRW belt in the current forecast. The significant recent rally had become overextended and now buyers are waiting for a pullback.” Brandon Doherty at Total Farm Marketing said, “Rising fertilizer prices tied to the Iran conflict are already curbing global usage. In Australia, higher input costs could lead to reduced wheat acreage, a potential longer-term bullish factor given the country’s role as a major exporter.”