US wheat contract hovers as shrinking demand takes toll

25.04.2022

U.S. soyoil futures surged to all-time highs on Friday after Indonesia blocked exports of palm oil, a competing vegetable oil, but soybean and corn futures fell on profit-taking ahead of the weekend.

Wheat futures ended modestly lower after a choppy session as brokers weighed tightening global grain stocks against sluggish export...