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“Wheat finished the session with gains across the board, albeit in a more modest fashion compared with Monday’s price surge. Spillover support from corn and soybean futures was helpful today, however, harvest pressure may limit upside potential for wheat,” Brill said. “On a bearish note, U.S. wheat export offers are said to be at a significant premium to other world origins. Reportedly, U.S. HRW wheat at the Gulf is $1.30/bu. more expensive than its counterparts from Russia and the EU. In related news, Russian export values have continued to fall due to expectations for a good harvest in the Black Sea area.”





