US wheat contract hovers on downside as Russia sets the trend

09.12.2022

Chicago soybean futures climbed on Thursday, supported by strong export demand, pushing the oilseed to nearly 3-month highs.

Wheat traded near even after Wednesday's rebound from a one-year low, although prices remained capped by competition from record high Russian supplies. Corn followed soybeans higher.

Movements in grains were limited as traders awaited...